The yield maintenance calculation is a function of what government bonds are paying at the time of payoff.

Even if the government passes relief packages I personally believe it is a band aid approach. $600--1200 hardly covers 1 months of rent in most markets.

While the government continues to make it HARDER for MF investors to operate, they are surprisingly making it easier for storage owners to deal with delinquencies.

It is much simpler, safer and less expensive to just hire a good "professional" Qualified Intermediary;" one with government oversight to ensure they are operating in a safe, sound and secure manner. 

Back in march we saw how easily town governments could shut down short term rentals.

They'll have it or be able to direct you to the government agency that does. 

There may actually be less risk with the cash-out refi strategy though as you can seek loans that are government-backed.

Conventional is not backed by the government.

Jumbo loans are not bought by our government. 

I'm not a US citizen but used (prior to covid 19) to travel very often to the us for business and among the beautiful places I've been to, something in Rochester and Jamestown captured my eyes and attention. hens @Antonio Cucciniello since my last visit I have searched both places by all means (mainly by FRED, and other government official sites but I would like to hear the local investors opinion and willing to learn from any of you.