Once you have a signed lease agreement though, you can use that projected tenant income as qualifying income, rather than counting the debt of rentals against you (debt limits), you can use this to your advantage.

Equity that builds in the same spot, is not taking advantage of its potential...and is in fact losing you money. 

My typical strategy is BRRR so I can take advantage of getting a short term profit and long term income.  

Some folks may recommend jumping in now and other may try holding out a little longer to take advantage of a slower economy, but these are different circumstances that no one has ever experienced.  

I am saying that having knowledge will empower you to dig out of the bad and take advantage of the good.

Explain that although the governor meant to help those in need, it accidentally created a situation where people are taking advantage.

If you take advantage of a deferred exchange you must keep the records for the entire transaction chain. 

I can also take advantage of lower down payments by moving in.I am technically in escrow, but the offer is contingent on a walk through, which I am about to do on wednesday. 

It’s in a class C neighborhood, currently listed for rent but with the current pandemic I don’t except it to be rented out ASAP.My fear is if I find a tenant who meets the screening requirements do you think they would not pay the rent to take advantage of the pause on evictions etc?

They will bounce back in three months, but the strong buyers are taking advantage of the cheaper deals because they know this will not happen again for quite some time.As a buyer myself, I am avoiding houses that need many city permits involved with the rehabs.