I mean, people are still renting out apartments and houses, but I assume the number of people searching for a new rental has declined immensely.

Understand Dodd Frank when applying credits and lease options; Lease purchase agreements can be a way for sellers to find a buyer, acquiring both a buyer commitment for the future as well as rental income now, to defray monthly obligations; A seller's offer of lease purchase can also attract a buyer who wants the property but needs a little additional time to complete loan qualification and does not want to or cannot make an immediate down payment; terms of payment in a lease purchase should conform to local rental data for comparable homes; the amount paid monthly to be set aside for down payment of closing costs should be in excess of the going rental rate; if not, the lender arranging the mortgage at lease end may not accept the set aside funds; instead, the lender will disqualify the funds by declaring them a "gift" from the seller to the buyer; lease purchase documents should be drawn up with legal counsel to address eventualities such as the buyer not qualifying to purchase at lease end or a market value decline impacting the agreed purchase price and lender's terms. 8.Selling to Relatives - Selling to relatives can be a good option if the seller is having trouble moving the property or if they desire to keep the property in the family; if the property is owned outright, there are few challenges, but if a conventional loan is needed to complete the deal, it can get tricky; creating conditions where a lender is convinced that this is an "arm's length transaction" may be challenging.

If you're worried about the market declining, you'll want to get the loan ASAP.

The issue for them is as home prices decline it will get harder for them to lend on a depreciating asset.

You live in a city with declining population. 

I don't see why there would be fire sales as prices haven't fallen yet so most people should be able to sell pretty quickly with at least slim equity I would thinkI don't know if fire sale is right terminology, but prices are definitely declining (albeit a small decrease) for condos in certain communities in the Old Town Scottsdale area.There are well over 30 active listings in AirBnb approved communities around Old Town Scottsdale where as there might have been 3 or 4 at any given time prior to coronavirus.T 

Then I joined a broker where I have complete time and productivity flexibility.

My Buy/Sell agreement states the LLC has first right of purchase (by a vote of partners, using the LLC reserve funds), then the two partners (with personal cash), then the partner that wants to sell can look on the open market to have somebody purchase 1/3 of LLC if the LLC itself or two partners decline.

https://alertlabs.com/products...I recently purchased this smart meter which is connected via cell signal and gives real time down to the minute usage.

Is the neighborhood steady or declining?