I am a commercial real estate expert, and this was a no-brainer deal.

My STR market was effected very little by 2008 which was in essence the worst economic melt down out country had ever seen.  

The economic loss due to covid-19 and fluctuation in NOI/asset value will take shape 30-60 days from now. 

About 30% goes to mortgages and 55% goes to maintenance, taxes, utilities (several of my units come with utils which I pay), water, seasonal maintenance, And insurance.As a full time landlord, this bill would not only take away ALL my income, but would leave 55% of my bills remaining.This will be economically devastating to me and many like me.It unconscionable that government would foist responsibility for social services on landlords.

I’m not an expert but I believe this means the house supply is short and demand is high?

People should back off each other and let the economic crisis clean house. 

Whether government want to call it out or not, experts can easily say from the graph.

I am underwriting a 20% economic vacancy to account for an increase of bad debt to 7% and concessions to 3%.

We are in unchartered waters; as the crisis worsens I expect there will be less and less economic activity, until everything’s at a virtual standstill.

It's helpful to have reassurance from a couple of experts.