Cats can do more damage financially than  a C.19 vacancy.

@Keith C. absolutely the market will soften in time.

I think there will be some investors that bought their first SFR with too much debt in a C location, will be hurt and probably not come back.There will definitely be overall fallout in restaurants, but I think the restaurant boom of 2015-18 was already starting to come to an end.Not related to corona virus, but I think smaller retail in town squares is coming around, particularly as millennials are moving out of urban centers and into first rung suburbs that offer walkability, but also a yard and space for dogs and kids.But the vast majority of it will come back in the same way it was. 

For reference, we mainly operate B and C class retail. 

There is plenty of inventory within Knoxville coming available for house hacking b/c many Baby Boomers are downsizing, moving to sunny locations, moving to be near grandkids, etc., etc. and leaving behind their homes that haven't been updated since Nixon was POTUS. 

Yeah man, if you’re looking at a B/C grade 14-unit multi-family and can make the rehab numbers work with your expected ARV/Value based on the income approach, you could see some crazy equity gains much quicker compared to waiting for appreciation on your 4-plex. 

If so,c) Do I WANT to retain this current tenant?

We have LTR rentals from C to B+ class areas (We have 2 STRs in a class A area) with a majority being in the C class. 

To understand where I am coming from, we focus on class B & C single family homes in North Texas.

These are C to C- tenants paying 600-800 per month.