Hard to see a downside there.

One of the biggest mistakes I see investors make is to either second guess their numbers and go with the "other sides" number or "feel bad" for the owner's situation and give in to them.

Downside of cashout refi is you have to take the cash, and then you have to start paying interest on it.  

I understand what you are saying, I think the biggest problem is buying a unit then not having anyone to rent it to due to the "stay at home"; but I think prices for buying should drop also.

My biggest concern right now is STR (Short Term Rentals).

And are there any downsides that I may be missing? 

What are 1 or 2 lessons that you’ve learned now that would have made the biggest impact on your success if you’d known them before your first investment?

If related to the pandemic, also tell me your biggest challenges prior to this climate and what you think your biggest challenges will be moving forward.

I like Brandon Turner's "The Book on Rental Property Investment" because I believe he has a straightforward way of explaining things and breaking down the keys on investment and management.The biggest issue with your deal is, it isn't a deal.

Biggest thing I've noticed as an agent is that my investor clients have lost their non-QM funding sources.