Third, if you end not renting it out before the current tenant moves out, consider setting up a standard process for screening out tire-kickers and handling scheduling and viewing of the space remotely (if possible) out of respect for social distancing needs or at least with an eye to minimize contact with applicants (to protect both you/your PM and them).

Since then I have discussed this with several bankers and retired bankers socially.

Happy to set up a zoom call or sit down when social distancing is a thing of the past!

You also may want to consider would be the actual age of the component.

Be active in your community, on social media and of course engage in on-line forums such as Biggerpockets!  

When they arrive you practice social distancing and don’t invite everyone over at once.

The property has 973 sqft.I purchased in cash on January 24, 2020, and put it under contract on February 20, 2020.I was scheduled for closing at the end of March 2020 but due to COVID 19 and social distancing, the close has been pushed back to en of April or maybe in May 2020.

I re-iterated few times that I absolutely need the house empty asap, but given the social issues with virus, I decided to accomodate.

I put "quick money" in quotes because if you do not do your research ahead of time, you could be falling into a money pit and back-to-back purchases may make it hard to financially recover if you come across a huge expenditure while fixing/flipping.Start by joining local social media groups on Facebook for the area you're in - then you may find you now have access to off-market properties that are not available on MLS.

If you want to scale then spreading your cash, HELOCs, etc with lenders allows you to get into more properties at a time.Regarding the example, terms can be different, or some lenders won't lend if there's no rehab component so you can see how it might get a little more complicated than it seems on the outside.