Housing and Urban Development is the correct way to manage the rental issue.This is the correct and efficient way to manage this at the Federal/State level.This is as simple as it has to be.Landlords register their properties from their Schedule E from their 1040 with Section 8 online.  

Since this is your first one, use one that has a good 'word of mouth' rating - do your DD to ensure they are competent. 

We are ensuring that if and when the tenant can not or refuses to pay rent, they will still have the shelter of our apartments.

These will definitely be choppy times going forward but there will also be opportunities that arise, new strategies that are put into place, and efficiencies forced to be implemented that in the long term will increase overall returns. 

Is the stock market efficient, is the real estate market? 

So isn't it not efficient to just have that 200k sitting aside there?

I would also consult your lawyer just to ensure you're in compliance with State laws, but in my experience it works great.

2) Processes for and influence on contractors when entering home--putting residents at ease and ensuring my units are cared for.3) Proactive communication with me and the tenants.4) Procedures for working with distressed tenants to keep them in the unit, get them over the hump and keep me from an unexpected turn and lease-up.5) Professional leasing agents helping me keep vacancy down and cash flow up!

However, at this time, ensuring that the portfolios are strongly positioned to weather even the most severe downturn is the prudent decision.We are aware of the fact that this may be a difficult time for some of our investors and want to reiterate that this was not a decision we have taken lightly.

I set up a solo 401k during 2019 and am trying to ensure I have all the $$ in the right buckets.