My retired family member has been living in their mobile home since the late 80s in Arizona and part of the roof is caving in.

On Friday, Mindy and I were up late recording a podcast with author JL Collins of "The Simple Path to Wealth" - this aired early this morning and specifically addresses investing decisions in light of the coronavirus economic impact.

I am ready to buy as much as I canSame I think this is a great opportunity, I'm seeing an increase in some investor activity lately as well.  

So the next question is: will mortgage lenders allow missed payments, stop late fees,  penalties, credit hits, and foreclosures? 

We had one long-term and purchased several more during last recession and had low vacancy rates, except the one we closed in late October 2009 that didn't rent until January due to really poor tenant pool out there in Nov/Dec, but market rents had dropped about 10% overall so we discounted accordingly (and screening is key). 

Good afternoon,I am looking for a good roofer in the Phoenix area. 

Everything up in the air right now.For those of you that purchased late 2019 at market peak prices and low cap rate, any concerns yet?

Any balances due, tenants with late payments still dueIdentify any existing evictions in progressCertificate of Occupancy from the City of LA9a Property Report Natural Hazards Disclosure Statement Copies of all current insurance policies and insurance company contact infoLoss run from the insurance carrier (my insurance broker requires this from seller)Copies of ad valorem tax statements covering the Property for the last twelve (12) months, if anyCopies of electric bills for last 12 monthsCopies of gas bills for last 12 monthsCopies of water and sewer bill for the last 12 monthsCopies of trash bills for the last 12 monthsCopies of any vendor service contracts (common ones include landscaping, interior cleaning, laundry, fire alarm monitoring, and pest control) Copies of any environmental studies affecting the property, if any.A list of anything that will not convey with property (common items include laundry machines and appliances owned by seller)Copy of current management agreementCopies of all existing surveys of the Property, if any.Copies of all warranties for appliances, equipment, utilities, roof, paving, pool, etc., if any.Copies of the last three years’ profit and loss statementsList of all capital expenditures in the last 3 yearsDate of systems updates, if known (plumbing, electric, roof, HVAC) Preliminary Title ReportCopies of the most recent title insurance policies, if any.

I changed my cancellation policy from Strict to Moderate in late March.

I just expect them to be late and eventually catch up