I think there will always be a place to find good deals, but you need to know your limits and when to stop, let the dust settle and assess where you are at. 

@Benjamin Orozco I am going to not tear into you (or try not to) but you need to stop buying for a while at this point.You need to understand that buying long distance will this type of debt with rehabs involved is not usually a good idea.

Florida's governor, Ron DeSantis, just suspended vacation rentals for two weeks in an effort to stop the spread of the coronavirus. 

I would expose yourself to areas further from the "el" and perhaps to Metra stops on the NW side like Belmont Cragin for even Elmwood Park.   

Is everyone else stopping or continuing?

When I asked my contractor to stop working because I was trying to figure out the finances he called me a rookie told me to go screw myself and blew me up all over social media.

from what i am reading here on BP  Non QM investor loans are seeing some of the major players Pause / stop for now.Jumbo loans seem to have really tightened the criteria leaving few who could qualify it seems like There is no question of lending tightening up here in the short term.. 

So now I'm worried that I would have no recourse if tenants overstay or if payments stop arriving for some reason.

Lot to stop and see along the way. 

AirBnB arbitrage sounds great...until it stops working.