Their loss I guess and they'll suffer for it when the new builds dry up soon.

@Rachel Hughes it sucks that Airbnb and VRBO is putting the entire Covid 19 loss on the owners.

But when I'm in business and I have a profit and loss to consider and I need rent to pay my payment, I don't appreciate people freeloading.

And I would require proof of income loss before I make any decisions.

Sometimes, when  you have lingering vacancy, or want to avoid that, it seems worth the risk, and sometimes it can work out... my take away is a reminder to evict sooner, especially with high risk tenant, maybe minimize the pain in the event the risk doesn't pay off.Anyway, best of luck and much prosperity!

*Asked tenant to contact us if they are experiencing job loss, loss of hours, etc. so we could set up a plan for them now. 

The potential downside to the second option is I don't know how they'd feel about the fact that I technically have another full-time job (though I spend minimal hours on it).  

It isn't the same because there are different problems this time, that may or may not affect RE, if we don't go into a prolonged recession we are likely to maintain the status quo, if we do the likely culprits to affect RE are oversupply due to people forced to sell because of job loss and a reduced buyer pool also due to job loss.

Forms DCE) shall be required.n If checked: Buyer and Seller agree notwithstanding that Buyer may have removed their loan contingency, if Buyer’sinability to fund their loan and Close Escrow is due to Buyer’s loss of income from COVID-19 related issues, theneither Party may cancel the Agreement and Buyer’s deposit shall be returned to Buyer, minus fees and costs incurredby Buyer.

@Jordan Moorhead I’m thinking for my first investment property SF would be easier to handle if I’m in the ballpark of 50-60K down, but my knowledge of duplex / triplex properties in greater Austin is minimal.