The basic cash flow calculation is = Rent income less vacancy loss less payments less expenses equals your cash flow:(gross rental income) less (vacancy factor) less (mortgage, taxes, and insurance) less (repairs and costs) equals your cash flow.

Now that more clarification and rulings have come out since some posts have discussed some of this, how will everyone be handling non-paying renters (again, particularly if they can't prove a loss of income, quarantine, increased risk of covid, etc)? 

On top of that, in almost every state you can't even hold them responsible for the balance of the lease when they do move because the law says you have to make a reasonable attempt to re-rent the property to mitigate your losses.

First off, I'm sorry for your loss. 

The cat-food retirement plan.  

I know a lot of people have been struggling with Airbnb during Covid-19 because their properties rely on tourism and now that that's buried, I feel for those property owners that are taking losses right now. 

A new policy naming both the land trust beneficiary and trustee(s) as the policy loss payees satisfies most lender requirements.

You'll recover the losses on this property...and add new gains. 

There are a bunch of decision that you will need to be making that have huge effects on the profitability of the venture. 50% of some profit is better than 100% of a loss because of inexperience.

I believe there is going to be a growing market for this in the coming weeks in STR.I’m taking a loss on STR right now and doing ok on long term rental.