Get to know that curve, the so-called curved which the medical profession is interested in at the moment, sometimes called the hockey stick, it's really just exponential growth, and being young, time is your friend.

AFter you replaced your HELOC as your funding source (See my post just above this), keep the HELOC and use it as your emergency fund (CAPEX, vacancy, etc...) as needed.

If renters emerge from eviction moratoriums with months of back rent to pay, “other dominoes would start to fall.”

Grow my emergency fund in case the shutdown lasts longer or has to come back.My concern is I can find very little information on how FHA standards change during a recession.

Get yourself back on track and then save every dime you can spare to build up a reserve that remains untouched except in an absolute emergency.

He has a 401K that was very low since he borrowed against it to pay medical cost of the heart attack.

What scares me a lot specially about the California no eviction law is that it states it will last 90 after the state of emergency is over.

Are your "savings" truly savings for investments, or are they the only cash you have on hand and therefore should be viewed as an emergency fund?

Needless to say there should always be reserve funds for emergency. 

Conversely retail with a credit tenant investment grade necessity based business for 2 million can be bought with about 30% down and get passive.Pharmacies, some STNL medical,grocery, national auto stores,dollar stores, etc. are still performing well and lenders are bullish on them.