This is my three post...Yearly mortgage break down: $84,378 $114,008/12 Months = $7,031 $9,500 Monthly (missing principal)Total Gross Income: $230,256+23,496=$253,752-10% Vacancy= $228,377 $230,256-10% Vacancy + $23,496 =$230,726 (vaccancy rate, other income is not calculated under vaccancy, this expence is calculated on actual numbers year end)Total Gross Income $228,377-$230,726 Yearly Expenses $94,204= NOI $134,173  $136,522Total Annual income: $228,377-$230,726 Total Annual Expense $94,204 - Total Annual Debt Service $84.377 $114,008= Cash flow $49,622 $22,514 ($84K is intrest you need to add principal as you pay this out of the income it produces)cap rate= 5.3% 5.46% NOI 134,173  $136,522/selling price 2.5 M=5.3% (8% cap rate would be purchase price of 1.7 M)Cash on Cash= 6.8% 3.11% Cashflow $49,627 $22,514 /Acquisition cost $724,932= 6.8%  3.11%DCR=1.59% 1.197% NOI 134,173 $136,522 /  Annual Debt Service $84,378= 1.59%.. 

And many landlords around the country have proactively told their tenants they will be flexible, as retail stores around the globe close to slow the spread of the novel coronavirus.See story here with other restaurants not paying rent-The commercial mortgage market is seeing significant margin calls and in serious trouble right now...

Troubling signs for investors?

Not cheap, but you don't want cheap paint if you're going to go to all this trouble. 

I am uncertain as to whether or not I plan to live in this area for an extended period of time, meaning that I would rent it to produce monthly cash flow.

As independent contractors with real income-producing jobs that have basically shut down, would that qualify hosts as self-employed, which is being covered this time?

This area is very cheap, but can be trouble.

Without producers, consumers have nothing to consume and cease to exist along with our economy.Gary

Costar sees signs of multifamily trouble: Multifamily cap rates risingLooks like investors finally starting to demand real cap rates and multifamily will begin trading on present performance and not future rents. 

I've never heard of anyone having so much trouble finding a new place.