But it is also very crucial during this time as well to make sure the tenant stays on course.

The house is currently occupied by tenants who want to stay in the house until they find their own house to purchase (they were supposed to move out June 30th, but asked if they could stay until they found a house). 

You mentioned purchase of $400k and rehab of $150k (I'd stay conservative with this number and not use the $125k). 

I am primarily staying with multi-family properties as they provide high cash flow(and you know what they say about cashflow…).

Also, you may have to go out of state if you want cashflowing properties, if you’d rather stay local then hanging on to those wouldn’t be the worst idea.

A good dynamic pricing utility like wheelhouse or pricelabs can optimize price and minimum stays throughout the year.

Stay away from those large projects until you have contractors that will do what u want everyday, the contractors cause the majority of headaches on these jobs, good luck in the futureBigger is not betterStay small

If your goal is to just keep low risk cash flow then just stay where you are.

What I saw during the last drop is that rents stayed the same they didn't go up but they also didn't go down expenses stayed about the same or even went slightly down as contractors became less busy and we're willing to work for less.

I'd see if the tenant is interested in staying in the place for another year, maybe with a small increase in the rent (let's say from $775.00 to $800.00).