Thought she was no issues as she's retired, on social security, owned a mortgage free triplex where she lives rent free and lives off the rent  Turns out she also had a pile of cash, and invested with us, and her other children a total of six properties, mainly triplexes, her favorite type.

Make sure he carries E & O insurance and you have a contract with him.

When this turns around, you’re easily in the blackIf you get a loan, i imagine the cash you save will provide ample liquidity to cover a significant period of no incomeUltimately the question is twofold...can you cover the holding costs on an otherwise solid deal (assuming it was truly solid) until things improve?

During this time of COVID - 19 and what’s e expect the aftermath be.

@Renee Lee smart move , now in your game plan prepare to liquidate a property or 2 maybe all if necessary .

It is .2 miles south of E.

It's my understanding that with all the recent refinance requests, there wasn't enough liquidity in the bond market handle the demand, and therefore rates spiked.

I am thinking this will be a fair way to give more relief to the better longer term tenants, and does not require me to have one to one conversations, reviewing evident of hardship, and making case by case decisions that may come back to me as being unfair treatments and playing favorites. 

I have heard from my CPA that you can depreciate the prorata (based on sq ft of units) cost of the building for the rental unit, but again you will need to.Each property will have its own income and expenses filed on a Schedule E.

The rate that the Fed cuts is the Target Rate which primarily dictates liquidity between banks as opposed to mortgage rates.