I am of the mind that the corona virus is already on its way towards causing a massive economic downturn that will hit the local real estate market quite hard.

The best bet if you are a challenged borrower is to get private financing but you will need to show you are an expert and have a great project especially right now.

I would expect some of you to get rent later in the month as the incoming Fed checks start to roll in, but I don't see how so many people are seeing these economic doomsday scenarios when many will make more money now.

I would love to connect with you later to get your expert opinion on which contractors in FL to hire for my rehabs, since I know a good one can be hard to find. 

You make your money based on solid economics, not tax deductions. 

https://www.nar.realtor/political-advocacy/coronavirus-aid-relief-and-economic-security-actTo me, this means that if I were to do a cost segregation study and use 100% bonus depreciation on one of my properties, I could use that massive writeoff to go BACK in time and wipe out the last two years of taxable income that I reported.

If they paid less than $500k, for example, they may be willing to take $900k or even $850k if they're afraid of a decline.I'm no expert and I don't know your situation or your market.

Moreover, the economic opportunity cost from this virus is in the billions.

It's taking turns that experts don't expect. 

Purchase price: $64,000 Cash invested: $45,000 Sale price: $149,000 This property was a 3/1, 1,500 sf SFR located in a low socio-economic area of Houston.