How to approach buying rental properties post COVID...

[Spencer Gibson]

I am currently trying to get back to buying single-family rentals after taking a few years off and was wondering what people's thoughts were about what is likely to get crushed in this post corona environment? In other words, what property class are you avoiding and why? 

Any predictions on which class will be hit the hardest post COVID? 

Any word on things to watch out for? For example, I recently heard on the Jason Hartman podcast that there may be some state and gov rental assistance programs coming out. Any thoughts here?

Overall just curious as to how people are approaching buying in these uncertain times and/or tips on things to be aware of as the rental assistance programs mentioned above. TIA

[Jason Hartman]

@Spencer Gibson There are many articles coming out related to various sides of this topic and I assume BP will not let me share links but here is some text from one of many:  

A New Senate Bill Proposes $100 Billion For Emergency Rent Relief

As the U.S. Senate reconvenes today, Ohio Democratic Senator Sherrod Brown took to Twitter to announce a bill that would provide $100 billion in emergency rental assistance.

“The last thing we want during a public health crisis is people being forced out of their homes and onto the street,” Senator Brown said in a tweet.

Titled “Emergency Rental Assistance and Rental Market Stabilization Act,” the proposal pairs with a bill in the House of Representatives, which Representatives Maxine Waters (D-CA) and Denny Heck (D-WA) are sponsoring. The suggested legislation is also advocated for by the National Low Income Housing Coalition.