Treasury Secretary Stephen Mnuchin indicated Thursday that additional stimulus likely will be needed to counteract the coronavirus’s negative impact on the economy, although it is unlikely to occur immediately. 

It is an indicator there may be money to be made for a buy and hold rental property.

The only indication they will get is when the insurance policy changes to a landlord policy, but as long as the house is covered at or above the mortgage amount, they'll probably be happy.The second school of thought is that you should be proactive and reach out to the bank to get their approval.

The soil in Florida is very sandy, so you need to make sure septic systems (if applicable) are in good shape and look for issues with the structure or foundation that might indicate shifting/sinkholes.

Please review the following options and indicate your intent by initialing your choice, signing, and returning to me no later than June 5th, 2020._______ I wish to extend my lease for an additional 12 months at a monthly rent rate of $________.  _______ I wish to continue on a month-to-month basis at a monthly rent rate of $_______._______ I prefer not to renew my lease.

Your best play at buying at auction and being smart about it is to:- Run your numbers excellently- Assume it's in rough condition, work off the exterior clues you can observe- Call the utility companies and get the past 12-24 month bills from the house (indicates systems functioning, etc)- See if you can get some "advanced info", like former zillow rental pics, old MLS photos, a neighbor that has the scoop, etc.There are some deals to be had, but it's a far cry from the "pennies on the dollar" world of pre-2015 auctions. 

A Brookings Institution report attributes part of the decrease to the pandemic, which brought more deaths and more travel restrictions to most of 2020.Any increases in population indicate where people are heading to weather the Covid-19 pandemic, since the Census Bureau numbers are based on estimates collected this year.

And the facts of your specific situation could indicate a shorter (or longer) appropriate hold period.The key is that you are 1031ing into an investment and then converting it into your primary. 

As indicated in the image above, common equity sits higher on the risk premium continuum--meaning that their investment is at greatest risk in the event that the investment doesn't turn our as expected.

another item $835k and you owe $335k, your extracted amount will be closer to $440k than the $500k you indicated.