It has to be a heck of a deal to cashflow at half steam.

It’s usually either first months rent or half of, so if you plan for annual turnover that’s either 4.2 or 8.4% per month to account for For financing, even if they do seller financing you’ll be hard pressed to find someone who is comfortable with receiving nothing up front.

If you start in summer you will lose half of that year on your tax returns and it will make it seem as your job doesn’t pay well.Of course you would need your employer to falsify your start date, but most businesses will do to help their employee achieve his homeownership dream.The fact that Canadian banks can’t verify tax returns makes it very easy for mortgage fraud. 

Very few do not become tenants.Typically we get 70-80+ people contact us via Zillow or Apartments.com, we speak to about half, eliminate most of those, take a few applications and have  fewer actually do CC and BG. 

If your property doesn’t cash flow and your half a million appreciation bet turns and goes the opposite direction, what will your plan be? 

It could literally be a matter of inches of your driveway on their property (if at all) and a $200 rental of a cement saw and a few hours will solve your problem. 

I remember a staying Warn Buffet said buy stocks when the market is down you are getting them at half price (something along these lines). 

But I'm hearing about the corona virus stuff, how the stock market had the biggest downfall right now, and I'm just worried that in a few months, this property will be worth half of what I would pay for it.

It has a high death rate for something that spreads so easily, but not a super high death rate overall.In a worse case scenario we're looking at about half the US infected and 2% of those dying which would be around 3.5 million deaths. 

Offer like there are only half as many units as there actually are and you’ll end up with what you have.