Julie would also be a great choice.

The market and asset class will determine vacancy rates so depending on the asset class, tenant profile, and location will determine vacancy.The more reserves you have the better you will sleep at night. 1 year of reserves is a great number and a rational choice unless you are forced to increase your reserve balance from an agency lender. 

This is basically a choice of seller-financing or a private money loan.Lastly, what all should we do to structure the legal contracts and everything? 

“I’m just going to wait until this is over,” she said.People selling and renting homes around Northeast Florida have struggled with the same choice this month, sometimes deciding they’re not ready to do business face to face.

Cash flow is pretty tight in the area as you mentioned but curious how the other choices work out for you

Your sellers, if they are retail, have more of a choice to stay put and wait out this tipping into a buyer's market vs. the seller's market that it may have been resembling before COVD-19.

. - In the good times and the bad I keep a running list of job opportunities I see, temp agencies, gig jobs for supplemental income, local resources (rent assistance, food assistance, etc), and anything else I think may be beneficial.

Originally posted by @Terone Johnson:Hey @Toby Yu Great choice!

@Stan McCune that is an awesome and well thought out response.That's why there are choices and options, "Different strokes for different folks"...without totally de-railing the thread I think its worth noting there is a line you are tip toeing there.

There's substantial demand for single rooms for rent so it's easy to be selective in your choice of tenants.