However, don't discount on-market deals entirely. 

Do your research and get your documentation straight, it is easy-peasy. 

In other words, a flip as straight sale to end buyer is not as easy as a with a stick-built home.  

In addition, we're planning to discount/eliminate first month rent for potential tenants, as well as incentives renting online. 

How it could benefit is that it could provide more discounted assets.

The market is down, you are buying at a discount, dollar cost averaging even lower as the market drops.

If you want to be a passive owner of the real estate, you can do that and it is straight forward.  

Although if you are you probably got the same  e mail I got.Jay, sounds like a great opportunity to pick up some properties at a great discount.

Some people are concerned they won't have a job next month and others who aren't concerned about their employment are under the impression that if the wait a month, they can get a huge discount. 

However in this environment you may wish to not be present and instead talk to the inspector on the phone before and after the inspection.I think it would be too logistically challenging to ask the inspector to Facetime you while doing the inspection, but you could ask them, if that really appeals to you.Be prepared that some or even all of the tenants may not let the inspector into their units.In that case, if I were you I'd probably guesstimate at least 10K repairs per unit and discount the price accordingly.