For stocks to ever reach 2009 levels, you'd need two things: 1) The most massive selloff ever seen by both big money and individuals2) Massive deflationMassive deflation could happen for a short period as long as consumers aren't spending...but with the strength of the dollar still as the reserve currency, it likely won't happen. 

Not everyone is unemployed and some have reserves. 

Oh, and cash reserves as well... tenant demand may be low and quality tenants may be hard to find if things continue to get worse. 

The moratorium is only on federally backed loans.

Hello Landlords, Self Employed and Others, 
I know we have lots of questions about the aid from FED during COVID-19. I have so many about being landlord, self employed,. May be this forum discussion can help shine so...

Federal Housing Financing has program of mortgage forbearance for Freddie Mac and Fannie Mae loans for 5 or more unit buildings.

I have no remaining reservations during the timeframe of the TN gov's order so it's a non-issue for me @Gerald Pitts  I'm using this time to get some repairs done at my cabins - so I'll be doing some personal local "traveling" between vacant cabins and doing curbside pickup at Walmart, Home Depot etc. to facilitate the things I can do on my own.  

The Condo Association I'm looking to buy a single unit in hasn't had a Reserve/Useful Life Study done in 14 years.

If so, I would recommend the Dream Program with Empower Federal Credit Union.

"Crash and Burn" as far is owner occupied SFH and rentals.There is also the unknown effect of the Federal Government working to blunt the effects as much as possible, and that could in turn, open up new possibilities that shoot will things back up.