Not knowing your age and total income makes it hard to nail down the numbers but you should be able to reduce a significant portion.

main driver here is how bad the covid thing really is and whether we can contain it here. it appears elderly are at most risk. with the warm weather coming, this hopefully will assist in reducing the spread. for once, we might actually prefer a hot summer. 

Greetings:I am in the process of refinancing my home to take advantage of the lower percentages and reduce the length to 15 years.

We are nor panicking instead trying to think though some scenarios and communicate/plan on paper . 1.Ownership:1.Create a “Medial Power of Attorney” to take over decision control if any/all owners get sick 2.Communicate ownership delegation with property manager2.Property Manager/Other Employees:1.Communicate CDC requirements 2.Outline and agree upon rent collection work process if city were to shut down 3.Outline and communicate a call tree identifying repair personnel 3.Safety:1.For employees: Release funds to buy protective gear while working within premise 2.For tenants: Communicate 2 times a week with CDC requirement as COVID19 is a REPDI development 3.For Owner: Identify all elderly tenants and communicate with them to call CDC if they would show any sign4.For Owner: Identify companies who does preventive medical grade clearing if any cases to be identified within premise. 4.Insurance :1.Confirm with current insurance to avoid and potential liability from owner to tenant negligence perspective 5.Operations:1.Review plan for marketing to get tenants if people were to leave during outbreak 2.Review plan for eviction during shutdown (if any) 3.Review cash position: 10 months cash supply covering 10 month of debt payment .

I think they opened at 2/3 of the assessed value, and if they didn't sell, they would reduce the opening bid the next time around.

I am thankful i switched 4 of 6 (in this locality) to long-term rentals to reduce the workload and they're mostly full.

One of them a professional tenant who we have been trying to get out for almost a year.As the economy begins to be affected by this I anticipate some tenants to have reduced hours/layoffs and will struggle to pay the rents.

This just reduces your cash flow every month...but you're not coming out of pocket...and, the actual costs to the deal is insignificant.Example:  Cost to replace roof = $5000Option #1:  Replace in 5 years, when it starts leaking.Cost to you for roof:  $5000Cost to replace/repair interior damage:  $3000 (floor, paint, etc...)Interest on funds: $1800Total cost out of pocket:  $9800Cash flow for 5 years (before roof repair):  $5k/yr = $25,000Adjusted Cash flow for 5 years (after roof repair): $5k/yr = $15,200Option #2: Replace now, before it starts leaking.Cost to you for roof: included in purchaseCost to replace/repair interior damage: $0 Added O & I to purchase loan:  $24/month; $288/yearTotal cost out of pocket: $0Total cost added to loan over 5 years:  $1440Cash flow for 5 years (before roof repair): $5k/yr = $25,000Adjusted Cash flow for 5 years (after roof repair): $5k/yr = $23,560

Look if the property will bleed at reduced traditional rents.

Its just when you're negotiating a short sale or reducing some of the fees from the foreclosure process paperwork that the banks will not agree to any terms if the seller is getting money.