It's great to have assumptions, but now more than ever it's important to look at each deal on an individual basis and not put blanket assumptions into an underwriting model.In most cases, I would reduce rents in 20/21 and be more conservative in the coming years.

Very stressful situation as I have only been a landlord for a year and feel awful for the family.

There are likely more layoffs coming and that will reduce buyers. 4.

That can give a triple whammy to a residential landlord with a big headache and reduced anticipated returns to even a partial or almost complete loss of investment.I am born and raised in GA 45 years so far and not a big fan of certain areas.

We do stress that even though we may not be able to evict right now, this too shall pass, and there will come a time where this will affect their credit and they wont be able to rent, nor purchase a home with this on their credit.Some (not all) tenants are selfish and self absorbed, and only think about themselves.

Also, with the unemployment rate skyrocketing, there is unfortunately likely to be an increased demand in financially stressed homeowners to sell their homes quickly.

I tried to reduce the rent payment.

A lien or encumbrance your relative doesn't know about, a neighbor who thinks the fence in the backyard belongs closer to the house your buying reducing the backyard to nothing, an error in the legal description that started three owner's back. 

Unfortunately, I am unable to reduce the rent owed but have reached out with late fee waivers, several payment options, and an offer to discuss canceling their lease and working directly with the subtenant and have gotten no response from Loftium other than a claw-back on their automated rent payment. 

@Jaysson Brooks@Chris LevarekHere are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.