I’d rather give up time and income now than work till I’m 70 + at a job I hate for peanuts being pressured to perform by some punk out of college on what to do !

The mortgage had to be paid and they could not live there putting pressure on himto take the deal.His attorney had to step in.

In order to gauge suitability of a real estate investment, and in fact any investment, for your portfolio, it is important to fill in the blanks on these questions first.- What is my tolerance for risk?

I have never tried to use a Cap Rate for gauging how much to pay or the ability to refinance. 

It takes a very long time to go through FC and again, the courts have been closed so things will be slower and pressure will be on banks to not foreclose, but give modification and forebearance. 

Because they will get defensive if they feel you are pressuring them.

Too hard to gauge that market.

Directly investing in real property or notes allows me to “ stay the course” I.e. staying power, while an investment manager may be under pressure to liquidate a position when times get tough5.

In reality, it's hard for us to gauge your tolerance and your full financial situation in just a few sentences.  

So he hired guys who did.So go to a REIA meeting in your area take a friend for support, great advice @Corey Hawkinson meet one person thats it. no pressure.