I will not let the events of yesterday, today, or tomorrow change my disposition.

Rents need to be the same in the event of an economic downturn.

This "event" was caused by an unforeseen pandemic and not by the multiple underlying factors that led up the previous meltdown.

Then, realize this is The Event that will shape real estate and business for decades to come!

There likely will be more than a week between the showing and tenant moving in so I will need to look into that further, but wondering if anyone else is changing their showing/renting process in light of current events?

. - You could offer them pro-rated rent for the days you will need them to vacate for repairs to occur.

The large supply of units may result in rents being lower than average for the foreseeable future).Having said that, if you have a long term perspective and can weather downturns that may occur in the market, the Phoenix MSA would be a great place to invest.  

I've always been fascinated with real estate when getting the chance to speak with our owners at company events and want to start working towards my own success, as well as motivate others.

I've been in negotiation on this property for about 2 weeks, and now we're at a point where we have agreed on terms and normally I'd be all for signing the purchase agreement, however I'm concerned over current events. 

In recessions, appreciation will not occur and people will sell their houses, however, rental markets stay strong because those same people selling their houses need a place to live, and they end up renting.