I hope I'm wrong, but then like you said, this would be a good thing if we are poised to buy in a downturn.I think the most applicable scenario for me is during the refi process, if the value goes down the bank might not be able to lend as much as I need (since I've only owned the house for 9 months and have little equity in it).

And like you said, the grocery store isn’t given me free groceries this week just because I bought bread last week and “made them rich”.

I currently do a phone interview, application, and showing.

I just have a few basic questions regarding what to do before I get my feet wet and my hands dirty:Before I own any piece of property, I would need to have all the necessary documents ready (i.e. rental application forms, notice to quit/vacate, etc.).

All businesses being shut down, the groceries stores are empty how will this impact the Real Estate market? 

What we're hearing is that pending sales (new contracts) are still strong, purchase mortgage applications are strong and no significant increase in contract cancelations.

As with any correction, lower income population will be disproportionately hard hit, and businesses servicing that demographic will be effected as well.I was working in retail real estate beginning in 2007, mutifamily will continue to be fine, necessity based retail (grocery stores) will be fine. 

I ran a background on a potential tenant and I denied their application based on information provided on the background check.

I'm not stupid, I know you get a sizable discount on everything at the home improvement stores.

I was going to use an app like movavi or imovie to create a video I could send to the potential applicant.