I do not think and I wouldnt bet that prices would drop. 

I agree with @Joe Villeneuve that partnering would be the best bet for your first property, and in the same idea why I would suggest house hacking in your own area first.

Your best bet is to do the human thing by helping this person find another space, but also do the correct business decision which is to terminate this business relationship. 

Your best bet is to start with those articles and listen to some podcast episodes from BP.

The IRS recently provided guidance regarding eligibility under the CARES Act and specified that a qualified individual includes an individual who has a reduction in pay (or self-employment income) due to COVID-19.Distributions:If so, you can take a penalty-free distribution (as well as waive the 20% withholding requirement) from your 401k (assuming that the employer allows it) anytime between 1/1/2020 and 12/31/2020.

If I’m able to secure seller financing, what would be my best bet for financing rehab?

Now, if you're looking to close in 1 to 2 days, your best bet is private money or having a large enough line of credit (such as a HELOC).

I am happy to talk anytime!

Profit is profit, you pay tax on it.Your best bet is sit down with a cpa for half an hour or so, it will become much more clear.

You bet, let me know if you have any other questions about it.