There's a common misconception that cap rates move up so prices move down, or cap rates move down so prices move up. 

I'm not advocating throwing people out during this situation, and think that regulation goes to the lowest common denominator. 

Depending on the loan product, you may be able to get non-recourse debt, which isn't common or seen on the residential side.Best of luck moving forward! 

There is new hope since the FDA just approved the off-label use of some very common drugs that have shown great promise in treating Covid-19.

Even if your tenant loses their job, the stimulus will ensure they get most - if not all - of their income back through unemployment and stimulus checks.Although late rent will be much more common, there's no reason why tenants shouldn't be able to pay their rent eventually and catch back up.

Last question on this, besides RE taxes, any other common expenses this applies to?

The good news is, you have less debt now. quite common during the GFC Anthony hundreds of thousand   helocs got frozen.. the issue is NO ONE reads the fine print in the 20 page mortgage or deed to secure debt whatever your using. 

The more people you talk to the more you will learn how to speak with people and recognize common objections and how to handle them. 

Michael, It clearly sounds like the repair work is more extensive than what the seller is reporting (very common).

This post is just a simple reminder that most will consider common sense or common knowledge.