The costs can be extremely high, but in mid to high end areas, you could come out well ahead in the end.

Well managed C class is prime for strong years ahead. 

Certainly STRs would survive them, but I am not certain that we don't see some major shifting in this industry straight ahead.

I'm a structural engineer in Atlanta, GA, and don't know any SEs out in Southern CA personally, but here is a good website that can help you find one. https://seaosc.org/Member-Services-SearchYou'll just click on the specialty of structural engineer you need, and it will give you a list of quite a few engineers in your area.

Although we came out way ahead, I think we might have underestimated deferred maintenance expenses.

I've went ahead and contacted a local REI investor and I'll be attending some meet ups once this pandemic blows over. 

Here is an example:Yesterday I wrote an offer for a $40k house in good but not updated condition, in a solid C neighborhood that's currently rented for $875/month by a lady who's paid 2 months ahead.

But due to the "stay at home" lockdown here in NY, our expenses are down over $1,000 month, and if we include our employed daughter who spend every dollar she earned on her full time job while living rent free with us, she now has a surplus of $1,000 month, so we're in fact ahead as a family.What should we do??

North Dakota had its bull run and crashed a few years ago, it was looking good for a short time, but not to the full steam ahead like in 2012-2014

We closed on Tuesday with the low value just to guarantee ourselves at least some cash on hand during the uncertainty ahead.