I think these types of investments work for three specific scenarios:1) You can buy multiple of them in the same building and use them only for STRs via AirBnb to reduce operating costs and maximize returns.2) Investors whose portfolios already have lots of appreciating properties and they want a luxury lifestyle at a fraction of the cost.3) Seniors on a fixed income with limited resources who plan to carry them through retirement. 

In this new pandemic reality, I've decided not to reduce rents.

I had 2 apartments vacant and it was a little bit stressful this week trying to finish things up in the apartments with store closing not knowing what was going to be essential business and what wasn’t.

While I get that people are stressed (especially those who have cut hours and even job loss) it's also a time to make things happen in those events. 

I think working only with investors would be very time consuming and stressful for you.

@Joe Villeneuve appreciate your feedback, considering the numbers we’ve provided, reducing repair costs to $5k assuming we can do repairs ourselves) what purchase price would make this a buy and hold deal?

Leverage may be reduced; pricing may increase.

So we finally qualify for a mortgage this year after 2 years of self-employment... we wanted to buy our first property, a 2-4 unit place with FHA this year... but with the whole coronavirus thing, supposedly the market prices are supposed to go down... but I live in a small town, and no one here seems to want to reduce their prices as of yet... prices are pretty expensive here on the west coast.

I think it is a very valid point that gas, food, utilities are all not being reduced/discounted.I see that taxes are being postponed, but not reduced. 

We reduced the cash out of pocket tenants need to move in.