. ~ I'll be speak with local Section 8 authority and review finances with banks or hard money lenders before I dive in.

@Charlene Stovin, BiggerPockets has worked with attorneys in each state to craft comprehensive documents that conform to each state's laws.If you're scared to death and have anxiety, you need a SOLID lease to protect your assets, not something you downloaded from the internet.

But that's another subject.Definitely important to review due on sales clauses.

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Review their websites. 4) give a few a call and discuss their process and requirements. 5) plan, model a deal, and get back in touch to stress test it. 6) if it’s of interest to most of them, refine it and then pitch a number of lenders. 

We are nor panicking instead trying to think though some scenarios and communicate/plan on paper . 1.Ownership:1.Create a “Medial Power of Attorney” to take over decision control if any/all owners get sick 2.Communicate ownership delegation with property manager2.Property Manager/Other Employees:1.Communicate CDC requirements 2.Outline and agree upon rent collection work process if city were to shut down 3.Outline and communicate a call tree identifying repair personnel 3.Safety:1.For employees: Release funds to buy protective gear while working within premise 2.For tenants: Communicate 2 times a week with CDC requirement as COVID19 is a REPDI development 3.For Owner: Identify all elderly tenants and communicate with them to call CDC if they would show any sign4.For Owner: Identify companies who does preventive medical grade clearing if any cases to be identified within premise. 4.Insurance :1.Confirm with current insurance to avoid and potential liability from owner to tenant negligence perspective 5.Operations:1.Review plan for marketing to get tenants if people were to leave during outbreak 2.Review plan for eviction during shutdown (if any) 3.Review cash position: 10 months cash supply covering 10 month of debt payment .

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Need some feedback on this one. I'm making a couple assumptions here.
I don't norma...

You can also tell him you are going to give a negative review on Houzz, Yelp and Google.I guarantee you will never here from him again.Good luck

2) If so, Have them review your purchase and sale agreement and see if there is a location on the PSA that states what will happen if you default/back out of the deal.

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