Or same with leasing.If you job is very strict in terms of schedule I can see it being a bit more stressful and hard to manage any properties.

This should not only ease the stress of trying to finalize and file your 2019 tax returns, but also gives you 3 extra months to pay any taxes due for 2019 tax year.Most states have now followed suit, but double-check with your state to be sure.  1031 Exchange and Opportunity Zone Deadline DeferralThe latest guidance from the IRS regarding tax filing deferrals is understood to include extending deadlines for filing 1031 exchanges and opportunity zone investments, as explained by Bisnow.For 1031 exchanges, investors who have to either identify or close on a property between April 1 and July 15 now have until July 15 to do so.  

If done right, you drastically reduce your monthly housing costs and can save that money to repeat in a year and within a few years, you own a few properties.

Purchase Price: $68,800 Purchase Closing Costs: $1,233 Refinance Closing Costs: $500 Rehab/Holding Costs: $45,000 Cash out of refinance: $90,852Total Cash In: $25,181 Rental Income: $1,675 PMTI Mortgage payment: $611 Base Cash Flow: $1,064 per month.Lessons Learned/ChallengesIt was stressful refinancing this property during the Covid-19 pandemic since I had a lot of money tied up in this property.

I worried that it would reduce not only the rents but also the pool of property managers who would be willing to work there. 

Some landlords are now offering reduced rents just to fill vacancies during COVID-19.I would appreciate your thoughts on if we should politely respond the rent will be the same rate for the new lease.

@Christina PhilpsYou sold the property and it should be reported on your tax return.If the flip was unsucessful - you may have a loss which may reduce your taxable income.

Right now, I would probably use 20% or more for the next 6 months and gradually reduce it to 10-12% 12 months from now.Once you find your rents and expenses, create your own proforma P&L statement.Then add debt service line to the P&L to see if your projected cash flow is positive and meets your criteria.

It is very stressful when you have a PM you have to worry about, and even worse when you have crappy tenants that the PM placed for you (assuming they did). 

If they break up, they are both responsible until it is resolved with a new tenant I approve.Negotiators:  Applicants who immediately ask me to reduce rent, I drop them from consideration.