Seriously,  as 2008 demonstrated after the fall of Lehman, the government is going to act as the consumer of last resort to prevent a deflationary spiral even if the economy shows massive unemployment. 

My thoughts are to hold off for 6-18 months to see what the repercussions of Covid and subsequent unemployment look like.

It will be unemployment.

Lenders are generally more cautious about potential tenants not being able to pay rent in this high unemployment environment.

If you are a pro member BP now has a feature to find rent comps in an area.

@Tyler D'Alessandro I am a realtor and also an investor in my two cents would be decide what type of property and community do you want to live in as far as features and amenities.

I sent tenant a text saying they got 4 adults working, maybe a fifth with the son graduating high school, 5 stimulus payments, and I know 4 of them work in retail, and with malls closed, collected unemployment with $600/week on top.

What markets do you know, what are their unemployment rates, what is the diversity and strength of their job market, what are the price swings, what is the crime like in the various neighborhoods. 

. - thanks for the shout out@Omar Khan - here is what I recently wrote specifically about syndications:https://www.biggerpockets.com/forums/51/topics/839015-are-syndications-extremely-tax-efficientAnd here is a very helpful thread featuring several of our resident syndication experts and mentions of a lot more:https://www.biggerpockets.com/forums/51/topics/781803-learning-about-syndication

How is this possible with 15% unemployment?