It's hard to really summarize all the ins and outs of capital stack, but it essentially refers to the different types of debt and equity you have available to you. 

STR are hard for this, most banks are slow to become comfortable with newer trends and without operating history they can't underwrite your income because you are essentially signing 1 day leases on these properties. 

This is an interesting twist where because of a public health crisis landlords are forced to essentially extend credit to renters who are pay check to pay check. https://www.mercurynews.com/20...

As your portfolio grows, this can have a sizeable impact on your ability to borrow. 

It is essential to research your buyers, but also to build a good strong list in case your first buyer does not come through.

This may seem more reasonable than arbitrary $25 rent bumps each year, but essentially covers you in a similar way.

I think narrowing to five national markets is essential as a good market can make a deal over a 5 (or greater) year period.3.

@Brian Nel I wish there was a crystal ball, though I think real estate agents will always say it’s a good time to buy/sell irrespective of the macro/micro situation.As per some articles that I read, impact could be like 2009-10 for Houston if the trend on virus infection and oil price continues in the same direction.

I am of the philosophy that if you wanted a refund in the future you should have bought insurance.not sure all hotels and airlines but most are giving full refunds.. or full credit for a future flight or future stay if not a full refund.I have one STR I need to check in with my PM and see whats up with it.. its in Indy so its not really a destination type spot its more for business folks coming to ELI Lillie.. the indy 500 and such events.. so far indy 500 is still going if they start cancelling those races around the country boy that will have an impact..

However , we have essentially been house hacking if you will and want to continue that trend moving forward .Buying , living in it and adding value over a small period of time and then refinancing and renting it out .