You should keep a copy or picture of the signed form for your records.If you provide the declaration form to your landlord as described above AND, on or before January 31, 2021, you pay an amount that equals at least 25 percent of each rental payment that came due or will come due during the period between September 1, 2020, and January 31, 2021, that you were unable to pay as a result of decreased income or increased expenses due to COVID-19, your landlord cannot evict you.

My belief is that you can buy this property for a dollar, and no IRS liens will be attached to it.

So my thoughts on how we could overcome this limitation is incorporating an equally owned purchasing, I suppose you would call, club or partnership.

If you sold it, how long would it take you to add up all the years of cash flow to equal the amount of profit you would make if sold instead?

OZs can be great too but may require an equally large amount of capital.

Yet if investors know the market well, how it behaved in the last recession and have a strong belief that it will improve significantly, they invest in this market.

Wondering if you are too young is a limiting belief.  

Here is what must take into consideration.1.Income:Rental income=$2000Laundry=0Storage=0Misc=0Total monthly income:$20002.Expenses:Tax:$150.00Insurance:$100.00Utilities: Electric, sewer, water, trash and gas:$0.00HOA fees or Home Owner Association:$0.00( it will only cost nothing if the home is not located in a HOA area.)Lawn care:$0.00Vacancy:$100.00Repairs:$100.00Capital expenditures: $100.00Property management:$200.00Mortgage(only if you don't pay cash):$860.00(Assumptions about mortgage:Put down money for a down payment.Get a $160000 mortgage with 5 percent interest in a 30 year span.)Total monthly expenses:$1610.003.Cash flow:Income:$2000.00Minus expenses:$1610.00Total monthly cash flow:$390.004.Cash on cash ROI or return on investment:Down payment:$40000Clothing cost:$3000Repair money or rehab budget:$7000Misc other:$0.00Total investment:$50000$390.00*12=$4680.00Annual cash flow=4680Total investment =500004860÷50000= 9.36 percentCash on cash ROI is equal to 9.36 percent.

All other things being equal, appreciation in high-appreciation markets builds more wealth over time than cashflow in cashflowing markets.The caveat is that you need income from something other than your real estate.

I understand the rationale behind aiming on the lower $ coverage side since the exposure is spread out a bit more, but I would like to take the pulse of the industry:  are you more inclined to insure for less coverage with a lower deductible or insure for more coverage with a higher deductible, assuming premium is equal?