Second, this is likely to be a temporary event, I estimate it will be totally over by June-July.

@Nickolay Kononov great information on current events.

You can find it on the events tab on BP.  

@Marlen Weber You can find the meetup in the BP event forum.

In the past I used to have a deed-in-lieu prepared in advance at closing should a default occur.

As you’ve seen with current events of the covid-19 pandemic, rental income or even a w-2 isn’t a guarantee.

While it's not the best time to be going out to networking events and such, if there are any investors in the area who'd like to chat online, please feel free to PM me!

This clause allows parties to back out of a contract due to "Acts of God" or by events that are outside the control of either party (flood, tornado, war, etc.) - consult your attorney to see if this applies in your case.Unless there's a valid contractual reason for backing out, your deposits are at risk. 

People need to remember that the buying opportunities from the last recession didn't really occur until 2009-2011, not 2008.

If this continues to occur on a larger scale, I'll wager $1000 on this being heavily regulated in the future especially with more and more inexperienced investors jumping into apartment syndication.