@Luke RunionI don't know what you went to school for but let's say your 4 year degree is in economics and you've been a financial advisor for a year.

@Robert SmithNot at the expert level yet but I don’t include washers or dryers in my rentals.

The degree of impact will depend on the overall economic hit of this pandemic. 

Hopefully, housing will lead the economic recovery as predicted. 

@Logan Heydt since Rhode Island has come up let me say, it has its pluses and minuses like most areas.On the plus side, you'll definitely find buildings that are much more accessible price-wise than the greater Boston area.On the down side, rents will be correspondingly lower as well, and the RI economy isn't nearly as vibrant as Boston.In terms of economic booms and busts, RI is usually the first to dip down when there's a recession and the last to come back.

It only says that I'm obligated to use the EIDL funds for working capital as a result of the disaster (pandemic).I'm not sure what your source was referring to, but glad you are getting additional opinions, as that would seem contrary to economic progress and wouldn't seem to make much sense.

Demand for clean, safe and well maintained rentals is strong and recent economic events will likely increase demand. 

Hey Anthony,I completely agree with you that we are in very uncertain economic times; however, I think it would serve you well to examine some of the market numbers that we have been able to observe over the past few months.

Wanted to see what the experts in this community seeLocated in NJSFR, 3bed, 1bath, 1,100 sqft, lot size 9,435 sqftSits across a lagoon, Waterview not waterfront, currently not in a flood zone (reassessed next year and expected to fall into one)*Town requires that it be lifted by 2024, the cost will be about $50,000 all in.Purchase Price: $175,000 (10% down)Last Tax Assessment: $236,800Taxes: $5,328 per year ($444 monthly)Home Insurance: $1,200 ($83 monthly)Flood Insurance: $450 ($37.50 monthly)PMI: $101 monthlyElectricity: $100 MonthlyGas: $50Water Sewer: $25 MonthlyRepairs & Maintenance: 5% ($110 Monthly)Purchase:Down Payment 10%: $17,500Estimated Closing Cost: $9,000Total Down: $26,50030 Year Term @ 3.875%The goal is to rent the other 2 bedrooms at $750 each. 

The path and duration of economic recovery is unknown.