But even then, you will need to know the ARV for the area and what the rehab costs will be to know if it is worth the effort.As to your question on how it can be affected, well worst case scenario, your tenants can't or won't pay rent and then you can't evict and when they finally do move out, you will likely have a very damaged property.

Well, I was starting a thread on this stuff, like a comprehensive resource sort of thing, and just before I posted it thought to maybe check to see if there already was one.

I just cancelled my closing in Vegas, lost the earnest money but at worst I pickup the property at around the same price when recovery comes, at best I get it a lower price as the market adjusts to the recession.

I am holding a conservative cash position right now until we have better visibilty on the road ahead.Look at it this way, what would be a worst case scenario?

All I'm really saying is ... prepare for the worst.  

The worst part is that it's a great time to work on houses, but only if we can permits to do it.

I feel that it is in a good enough neighborhood that worst case scenario I could still rent it for my anticipated mortgage pmt and take a small hit each month until the recovery happens.

We were talking worst case scenario.

Of course, sometimes you run into a truly novel situation, and a decent amount of research may be necessary, but this doesn't sound like that sort of situation to me.

If you work something out with one tenant who is struggling in this crisis, whether it is rent reduction, rent credit, deferred payment plan of some sort, applying last month or deposits towards rent, whatever...how do you solve the problem in a multi family setting where everyone including the ones who could afford rent stop paying "If George gets to skip rent I am not paying either!"