Welcome to the game!

I will add this caveat:  If it's a larger building with professional management, I wouldn't want a completely empty apartment building that I have to fill (or it would definitely affect the purchase price/game plan).

The virtual nature of transactions right now will change agents' role a bit but the fundamentals that have kept agents in the game this long will continue. they won't be going anywhere for a while. 

We are new to the game and are trying to figure it all out.

I am going to tell you a little secret from a man who's been in the game since the 1970s and who's built a nice portfolio spanning six States.

A good tenant often has some reserves of their own so most will continue to pay rent.Since you may be new to the game, know your local laws. 

Life companies are still game but definitely tightening the guidelines and requirements.It will be interesting to see how office and retail sector change through this and the real effects on the CMBS markets with the inevitable defaults coming due the pike. 

Having your friend or relative who is an attorney represent you is a recipe for disaster if they aren’t in the RE game.

If you buy right, and rehab yourself, you’ll be way ahead of the game.

I see life as a chess game and this recession as a crucial part of the game.