They seem to ignore the fact that most of these sources told them to start by building a team.I think no matter where you are getting your strategy from, the first step should always be to build a strong team.

BP is full of great content, so I strongly recommend you to have a look at the following resources: 1.

In an effort to provide some information for long term buy and hold investors to be more prepared, please see below:Happening Nationally:Tenants have refused to leave at the end of their lease siting uncertainty and high risk of virus.Tenants (apparently even with strong renter history) are stating the virus has impacted their income and are not able to pay rent, are asking for lenience.Vendors are less responsive to non-emergent maintenance due to fear of employees becoming sick.Property Managers have chosen to be less responsive to non-urgent maintenance requests from tenants to keep their team safe, similar to vendors.Showings have decreased or have been cancelled due to the fear of being in public buildings or other people’s homes, which might impact vacancy if this is longer term.Occupied unit showings have ceased for the protection of the tenant in place, the showing agent, and the prospective tenant.Some management offices are closing and requesting rent be paid in a different manner than visiting the office.Occupied unit inspections have been paused, unless deemed emergent.Be Prepared:Think through how you will handle some of these situations in advance and write our a process for it.Handle them consistently and do not favor one tenant over another.Be proactive and prepared so you can act unemotionally and with fairness for all.Be a Leader:Now is the time to show your team (vendors and tenants) that you value their health as much as you do your own.

@Mark MahoneyI would strongly recommend getting pre approved before you put any offers in so that you know what you qualify for.

Most people within BP indicate that they are satisfied or very satisfied with what they offer (eg good cash flow, strong market, solid ROI, helpful information - especially working with Zach). 

I really haven't had that much issue competing with cash if I have my lenders lined up and make a strong offer. 

I'm in the exact same boat as you are @Thomas Mackay. 21 and looking to start house hacking.While not from my own experience, I've seen on other threads where people strongly recommend not getting too ahead of yourself.

Thoughts on Coronavirus, and why right now is the ideal time to purchase single family rentals.While the Coronavirus has had an impact globally in different ways, the SFR rental market is extremely strong with higher demand than ever! 

I plan to analyze deals daily to become super strong in that aspect of the deal.   

Penalties are accruing from 2015.I strongly suggest to have a conversation with your CPA.