Normally they would just leave them damaged but, the last two weeks they literally just disappeared.

What I will normally ask about is your resources and attitude.

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. 

The fed is freaking out trying to keep this thing together and massive fiscal stimulus is desperately needed to fend off a massive deflationary event.Obviously we get through this and normalize but recession is baked in, and only arguments is if global recession.

If you want to resell them or cash out refinance, I'd check with your normal title company and see what they need to issue title insurance. 

This is a great time for us to work on all the things we are normally too busy to keep up with.

This morning my wife woke up suggested we cut our losses and let this one go until things start to look normal again.

I have 2 homes under contract, but I am using more leverage than normal in order to stock pile some cash.  

So we're staring at several months that are normally when our busy season start ramping up... and we have no income at all, and some substantial overhead (mostly in terms of mortgage payments)While we have even discussed turning these properties into LTRs, I fear that in the current climate in NYC, this is not the time period to start a LTR contract.The only idea that I've come up with so far, is to list the properties at a substantial discount for week-to-month long chunks, and to advertise through alternate sources like Craiglist.

My concern is in the event I exhaust my vacancy funds set aside, i'll then be relying on my W2 income to pay for any mortgages normally paid by tenants.