(*Thoughts: Private money seems to be dependent on knowing someone (which I don't), Hard money seems more feasible, VA loan would require the home to be livable (which in turn may reduce much of the potential value add), conventional loan would require less stipulation than the VA loan, and personal credit cards (Not a bad option with 0% balance transfers and commitment to pay down.

So I'm trying to apply the BRRRR method and I came across a speed bump of my DTI. 
I had the lender tell me my DTI was to high. 
So basically the routes I could take is rent out my current home and I guess they give...

I think these types of investments work for three specific scenarios:1) You can buy multiple of them in the same building and use them only for STRs via AirBnb to reduce operating costs and maximize returns.2) Investors whose portfolios already have lots of appreciating properties and they want a luxury lifestyle at a fraction of the cost.3) Seniors on a fixed income with limited resources who plan to carry them through retirement. 

In this new pandemic reality, I've decided not to reduce rents.

And I hope people will appreciate the things they have and not take things for granted (toilet paper has a new appreciation, no doubt; and I hope people have a better appreciation for truck drivers, medical workers, first responders, retail store workers, etc.). 

A neighbor urgently needs to sell their home due to medical issues & moving out of state.

Leverage may be reduced; pricing may increase.

I don't think the numbers from the last few days should shock anyone as medical experts have been saying for weeks that this is going to happen.  

So we finally qualify for a mortgage this year after 2 years of self-employment... we wanted to buy our first property, a 2-4 unit place with FHA this year... but with the whole coronavirus thing, supposedly the market prices are supposed to go down... but I live in a small town, and no one here seems to want to reduce their prices as of yet... prices are pretty expensive here on the west coast.

I think it is a very valid point that gas, food, utilities are all not being reduced/discounted.I see that taxes are being postponed, but not reduced.