Now historical data can never predict the future, but given that the last crash of 2008-2009 is said to have been caused by the subprime mortgage crisis and if we assume that what the real estate market went through in 2008-2009 is a worst-case scenario, then we can use historical data to set a baseline of what's to come in the future.Below is a graph of the average SPX closing price VS the average SFR Home price for the top 5 states by GDP(CA, TX, NY, FL, IL).

The MFH/duplex market in San Antonio looks pretty tight, so I plan on renting initially while looking for the "worst house in a great neighborhood" to move into and fix up.I'm working my way through the BP Real Estate podcast and am excited for the BP Newbie podcast that just came out.

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.