I feel like doing that might lose me the lead, but how else will I know what the renovation costs will be4.

So, if you're an investor, it might be a great time to buy, sadly, as others are negatively impacted by this massive disruption.At the same time, the market for rentals in these neighborhoods are likely impacted in the same manner as homeowners -- if homeowners lose their job, so do renters.

Where I most often see newer investors lose money is grossly underestimating rehab costs.A 25K turns into a 45K rehab very easily. 

plus i find it hard to beleive in the current environment.. as long as its a credit union or real bank.. if its a joker broker be careful you not being set up to lose up front costs.

I highly recommend utilizing virtual tours for the time being.Due to many people losing their jobs and NY's already tenant-friendly laws, we have been recommending our clients consider filling their vacancies with Section 8 tenants.

Why would you refi after losing value, @Shawn Wainsely?

Do not lose a friendship over this.

Also called an AITD or All Inclusive Trust Deed; the buyer is using the "wrap" loan to make payments to the seller, who in turn continues paying on his original loan while deeding the property to the buyer; the original lender must agree to waive the "due on sale" provision in the original loan; can be an alternative when seller financing won't work because of the seller's loan on the property; original lender may grant permission for a "wrap" to be created; the buyer may qualify to assume the original loan; getting permission to "wrap" from lenders is not easy; there is a temptation for buyers and sellers to create undisclosed wrap agreements; lenders may commission ongoing research of title records looking for undisclosed liens; if discovered, the original lender can foreclose on the seller and the buyer would lose everything, including their down payment.

Because my concern on this is losing equity if housing market tanks.Q.

He'd lose minimum six months of rent, plus eviction costs.