I was considering on waiving all late fees and reducing my rents across the board by 20%.

For those with experience, what is your big picture approach / policy / advice for how we should handle our tenants and these requests for reduced or no rent as they come in? 

As a proactive measure we reduced their rent by 50% for the month of April and will look at May in a few weeks.

It isn't the same because there are different problems this time, that may or may not affect RE, if we don't go into a prolonged recession we are likely to maintain the status quo, if we do the likely culprits to affect RE are oversupply due to people forced to sell because of job loss and a reduced buyer pool also due to job loss.

Some of our tenants tend to be employed as nurses, medical aids, and support jobs in medical facilities and such.

You can put more than 20% down to make it cash flow, but that reduces other numbers like your cash on cash return.

Step 1 see if the seller is willing to reduce the price.Step 2 challenge the appraisal.

I believe the virtual tours are here to stay and will probably reduce the number of questions future tenants will have.

Most of us are positioning ourselves to be as liquid as possible right now and reduce liabilities and unnecessary expenses.The most important thing is to not get caught up in following the blind masses.

He did the HELOC for my duplex and they are running a promo now for a reduced rate.