@Zee D. this was just announced yesterday in IllinoisIllinois DCEO Says Open Houses are Not Allowed Today, the Illinois Dept of Commerce and Economic Opportunity (DCEO) has added language pertaining to real estate as an essential service to the official DCEO guidance on Essential Businesses and Operations FAQs.

Here's the deal:Agreed price: €159,000€1000 Reserve put down and lawyer instructed10% deposit not yet paid (can walk away)70% mortgage pre-approved but not officially offered (€514/m) pre-Corona rental income: €850-950/mBased on no particular expertise but a bit of research I came to think that any dip in the real estate market due to COVID-19 was likely to be V shaped and short-lived.

I suppose a case can be made to park the funds in an account and pay the lump sum if required with no other option. 

Hey so I’m officially trying to jump in to real estate investing.

Best real estate book ever written.2) "Am I Being Too Subtle" by Sam Zell (who owns the largest mobile home park portfolio int he U.S. called ELS)I would also recommend reading all the free material on MHU and listening to the Mobile Home Mastery podcasts.That should keep you busy during the self-quarantine period of Covid-19 (and even beyond).

Here is the verbiage of the current NY State  bill:  https://www.nysenate.gov/legislation/bills/2019/s8125and, most offensively,  HERE is the website of a movement to "CANCEL RENTS"   https://www.housingjusticeforall.org/faq-what-to-do-on-april-1Below is the letter we sent to NY state Governor Cuomo. plus MY State Senator, plus the Senator who drafted this bill, and all NYC Housing Depts and officials. 

SBA 504 requires 51% occupancy and very great terms such as only 10% down.We also have a property adjacent to it under contract we will use to add an additional parking lot. 

If you are just starting out, I would just get general bids during any DD period before acquisition to get a ball park. 

It's a close walk to a local park, as well as breweries and restaurants in the area.

Thank you, Azeez, it’s in Hammond Park.