The city is also veryfriendly to immigrants and young people, so it has attracted and continue toattract this type of population.

He has produced an email from his company saying that there is a suspension of all salaries for executives in his company for 2 months. 3.

My absolute worse-case is that these properties will produce $0 for a few months and I will be on the hook to use reserves to cover expenses. 

On the other hand there has been a massive aid package produced, that will bring massive money to CA. 

If your looking for an irr of 15+ then class c neighborhoods in south central Pa are very attractive.

Use it as a downpayment on a cash-producing asset or use that money to get a hard money loan and flip something.

You can read all 33 pages of it here: https://www.biggerpockets.com/forums/92/topics/392727-morris-invest-case-study-20LESSONS LEARNED:-Properly vet the people you work with-The numbers on paper (no matter how amazing they are) don't automatically make it a great investment-Understand the tenant class you'll attract with that type of low-value asset-Understand the condition of the asset you'll be buying.

I’m slowly shopping for my personal residence which will have an income producing aspect to it (either Airbnb or traditional rental).

This is my three post...Yearly mortgage break down: $84,378 $114,008/12 Months = $7,031 $9,500 Monthly (missing principal)Total Gross Income: $230,256+23,496=$253,752-10% Vacancy= $228,377 $230,256-10% Vacancy + $23,496 =$230,726 (vaccancy rate, other income is not calculated under vaccancy, this expence is calculated on actual numbers year end)Total Gross Income $228,377-$230,726 Yearly Expenses $94,204= NOI $134,173  $136,522Total Annual income: $228,377-$230,726 Total Annual Expense $94,204 - Total Annual Debt Service $84.377 $114,008= Cash flow $49,622 $22,514 ($84K is intrest you need to add principal as you pay this out of the income it produces)cap rate= 5.3% 5.46% NOI 134,173  $136,522/selling price 2.5 M=5.3% (8% cap rate would be purchase price of 1.7 M)Cash on Cash= 6.8% 3.11% Cashflow $49,627 $22,514 /Acquisition cost $724,932= 6.8%  3.11%DCR=1.59% 1.197% NOI 134,173 $136,522 /  Annual Debt Service $84,378= 1.59%.. 

SS feels better and will attract a better sales price / better renters - whichever direction goHope that helps.