Can't even get a haircut and I'm bald! 

Most banks will not take a sizeable haircut on a quality asset that has a chance of recovering if they just put payments on the back end for awhile.So as a broker and owner running a business you have to decide what you want to work on and not and chances of finding that property and a deal closing.

Let's say you DIY-ed your tax return or got it prepared at one of those gas station places where you can get a haircut and a manicure while they're doing your taxes, sometimes by the very same person.

A bad process will beat a good person everytime, but I'll get your numbers right even if I take the haircut.

When they calculated what they're note was worth, the first thing they did after figuring out the fair market fixed up value of the property, was to haircut that price 10%, for a quick sale.  

But that's insignificant compared to selling as a block for a 10-20% haircut.  

I also have ~60k saved upI've absorbed approximately 30 hours of REI podcasts/videos in the last week, mostly from BPs YouTubeStrengths: Analyzing deals, rehab/interior design, optimizing processes, project management, probably landlording (used to manage my mom's property in OC)Weaknesses: New, temporarily lives far away, don't know what I don't knowThoughts so far:Brandon Turner's haircut in yesterday's (10/21/20) webinar was SHARP!

Also, any developers that have a bunch of new construction for sale projects that were marginal deals to begin with may be in serious trouble when these projects are done and need to sell for top "pre-coronavirus" prices and can't take a 10% or 20% haircut on these sales.

Eventually I realized that Schiff and all the others may be correct about the upcoming collapse (every fiat currency in the history of the world has eventually failed), but I just don't think anyone is any good at predicting when (Schiff has been saying it is right around the corner since 08) (another thing about Schiff, he sells precious metals, don't ask a barber if you need a hair cut).  

Across the board post covid programs have taken a 5% hair cut and makes tight markets tighter.