Our market has very flat spikes in good or bad times, so I would qualify it as steady.

Express sympathy, but communicate clearly what their options are (generally boils down to leave soon and I´ll give you some money to help you along, or dig your heels in and we will have to evict.

We didn't experience a spike in our electricity bill due to this.

When evaluating know in general d grade expenses spike and reliable pm is not feasible so really only self managed properties work and from CA that voids that option. 

Start doing your own pm you will be doing a lot of leasing and hence spending more tine than you want but obviously your coc spikes higher. 

I was quickly hooked to the idea of financial independence through real estate after seeing the recent spike In unemployment and economic struggles.

Mortgage rates spiked briefly at the start of June but then fell back quickly.

Events happen, shortages occur, enhanced margins to compensate, but these are limited "spike" events, this today is a system wide complete reset, for most part.

Just depends on which buyers are willing to dig their heels in and which sellers need to offload.  

I read all of this with hopeful skepticism for several reasons: An increase in foreclosures may be likely due to the steep decline in economic activity, the unemployment rate spiking, and more owners requiring forbearance.