They have failed to pay any Rent since the onset of Covid-19 from March 2020 and owe upwards of $20k.

We found a good tenant who moved in 1st of March 2020. 

I work full time for a law firm and in March they cut out our overtime so my salary took a hit. 

I started investing in real estate in Memphis, TN in March 2019.

The 1st rental is valued at $440k by a local Realtor market appraisal in March 2020, and we currently owe $6,000 on the remaining mortgage....a very high equity in the house for sure.To fund the purchase of rental #2 I was planning on pulling the 20%-25% down payment out of rental #1 via a HELOC on the rental, and after 3-4 places to call no one will do a HELOC against a rental except PenFed. 

In the beginning of March, the tenants in my most updated unit were moving out of state.

I am gearing up to purchase my first multi family in Feb/March using FHA at 3.5% down.

I recognized the political strategy and positioning back in May 2020 and soon after predicted that if the order was not lifted by Nov 1st, that we would be under it until at least March '21'.

I just searched on Realty Trac and found 85 in Houston proper.You will find that REO inventory is very low everywhere because all FC activity has been halted since March so no new supply.I would think your best bet would be to ask for help from your family if you want to learn to do what they do.

I’ve subsequently purchased another property(hoping ready by March), but we will also be managing 2 other airbnb properties(we do not own them).