As for operating reserves, be aware that we are generally in a high economic vacancy environment and the CDC just announced a pretty sweeping eviction moratorium until the end of the year.

Real estate is a huge economic driver down here so people sometimes list to "test the market".

Internal Revenue Service, or received an Economic Impact Payment(stimulus check) pursuant to Section 2201 of the CARES Act;• I am unable to pay my full rent or make a full housing payment due to substantial loss ofhousehold income, loss of compensable hours of work or wages, lay-offs, or extraordinary2out-of-pocket medical expenses;• I am using best efforts to make timely partial payments that are as close to the full payment as the individual’s circumstances may permit, taking into account other nondiscretionaryexpenses;"The 3 underlined bullet points above seem relevant to your situation. 

The current economic crisis (as well as the underpinnings of our economy pre-COVID) make it pretty unpredictable.

The best advice, get a meeting with City manager, economic development, zoning and gauge their support of what you want to do.

, nor are they helping the people on the other side of this crisis, the renters and unemployed who are circling the drain even faster than landlords.  

I was quickly hooked to the idea of financial independence through real estate after seeing the recent spike In unemployment and economic struggles.

At least five years experience, I would prefer more than 10 so that I know they made it through the last housing crisis.

Every decade, the doubters have called the end (AIDS crisis, Loma Prieta earthquake, dot.com implosion, Great Recession, etc) but every decade the Bay has come back swinging, growing in influence and wealth.  

I know some operators are underwriting to a 5% rent decrease and 10% economic vacancy over the next 12-24 months.Now, in a different hypothetical, how much is left on your mortgage, do you currently have any equity, and what would it look like to sell the condo and use the proceeds to purchase a rental that has a decent positive cash flow?