But, then the "little fix" ultimately becomes a bigger fix.Also, I learned sort of the hardway when I let tenants do their own work. 

All in all I would explore every option I can to get that unit cash flowing.As for the Finance section of your deal, your worst case is you may not be able to refinance the property right away.

A depression is just people on the internet fear mongering or without a lack of an understanding of history.Every decade or so we have some sort of crisis.

Also, what is the worst that happens if caught?

Question 1: What sort of terms do you require in this situation? 

Typically these properties would cash flow monthly, but worst-case scenario and your tenants can't pay due to covid, your mortgage and expenses are all still paid! 

If you can't refinance it, got to your lender now and get a 13-month term... as long as you possibly can so you have time to sort things out and find different exit strategies. 

The worst thing for investors is uncertainty and that's what we're in the middle of right now.

But this is a lesson for everyone to be prepared for the worst in the future.

So that alone literally killed any sort of cashflow this property would generate; infact it put it in the negative.