IMO...You are best off trying to work out a payment plan with the resident or hiring a competent local property manager to see this through.

I invest in a county that has a limited number of permitted vacation rentals - these properties trade at a premium and only make sense to purchase if you are going to run it full-time as a vacation rental so you aren't competing against "regular" buyers who may use it as a second home or only rent part-time.I had a broker bring me an off-market deal this week and I struggled with what to offer given all the uncertainty regarding Covid.

If you know other investors you could ask them for a copy of their lease but I would still have it reviewed by a competent real estate attorney. 

So, if you're thinking about purchasing a multi unit in PVD, be ready to compete.

For example; Absentee owners are getting too much mail so you have to compete with a lot of other investors’ offers.* People who were in trouble before the crisis are only going to be hurting more now and will still be hurting when things settle down.* It is available all over the country, even in areas like SC and KS where the laws prohibit the use of “public” data used by most compilers for real estate listsFSS is a model to predict the likelihood that a person be accepted for certain types of credit offers.

It's the normal cycles of every industry. 1) Lots of players in space2) Many go bankrupt or get bought out3) Industry consolidates...monopolies form...prices go up4) Something happens to break up industry again----Full cycles that have happened: 1) Cable television.

I am a professional pickleball player (yes, as crazy as that sounds it is a thing).

If you think an appraiser is lazy, or not competent in your market, don't work with that lender, or request another appraiser in the future. 

Today the Fed’s balance sheet is currently over $6 trillion, with projections of $7 trillion by June and $10 trillion by the end of 2020.This unprecedented increase in the money supply will have a dramatic effect on asset values, inflating them well beyond their previous highs by putting more money in the pockets of investors who compete for a finite supply of assets, driving prices up because of the increased demand.

I've been around a few realtors who were seemingly competent but I didn't jive well with them.