I'm fortunate enough to have a job that is commission based and allows me to bring home a significant enough income that I don't have to stress about money and have some savings as well allows me plenty of flexibility and free time throughout the week.

On the conservative side of my original post, if I reduced my expenses by $700/mo by buying down the loan $20k, in three years, that’s $25k to the good from reduced expenses.

When you are sitting at 30% leverage, you look like an idiot in good economies, but stress free when the world shuts down and goes into a global retraction.Finally, have a long memory. 

He said he had about 200 to 300 tenants in total.He is likely forgoing hundreds of thousands of dollars in income by canceling April rent.His only interest, he said, was in alleviating stress for his renters, even those who were still employed and now working from home.

Do you think the seller would be understanding of the buyer having busy contractors and the possibility of that reducing the chances of getting the contract signed?

Are there opportunities to reduce expenses? 

So there was some added stress/pressure to find new tenants since you have the bank to pay back and the terms you agreed upon with your business partner for their payback.

My goal is to try to minimize locations while keeping a 10-12 percent CoC return in the San Antonio area.More generally though, I've been looking at going into multi-family housing more as, again, it would reduce the amount of locations I have to manage, at least in the short-medium term.

So it's harder to get loans approved and some banks are asking for reduced LTV's, at least from what I've heard.

You must reduce the basis of property by the depreciation allowed or allowable, whichever is greater.