Negative cash flowing property in a hot market entering a period of severe economic uncertainty?

Much more solid economic fundamentals than Vegas.

The financial crisis of 2008 was caused by systemic problems within the banking system as well as the undeniable moral hazard permeating throughout the housing market.

Those of us who studied economics understand these principles.

It depends on the economic environment.

With the economic climate being what it is, I'm not sure how ethical it is to ask them to leave. 

However, we’re still in uncharted territory as Texas and the Austin area experience a continued rise in COVID-19 cases that could cause additional economic restrictions that further pressure the area’s already cripplingly low housing inventory.James Gaines, chief economist for the Real Estate Center at TAMU, said the following:“There are plenty of unknowns in the months ahead, but June home sales across the MSA being up 9.3% YoY was tremendous when considering the strength of 2019.

While the SBA.gov website does not explicitly state that it cannot be used to purchase investment property, the name of the loan program (Economic Injury Disaster Loan) suggests that it's to be used accordingly.The SBA PPP does note in the interim final rule that misuse of funds will be investigated, and if deemed as such, the entity will be fined.

I read an article in Business Insider and they said by Jun 2020, The rich in America got $565B richer during the covid crisis.

I am wanting to purchase the loan directly from PHH at a discount given the state of the mortgage and financial crisis coming for that particular part of Texas.