Considering the current economic climate, where layoffs are happening every other day, and interest rates are going off the roof, is it a good time to invest in STR or wait for some time?

One layoff and you just ate a bill for a year long eviction.

When companies such as Qualcomm near you have layoffs like they recently did, is there a window of opportunity to buy low in an area? 

Have him/her walk through the numbers so both of you can see exactly how things happen, how investments are protected, where the profits come from and how the risks are mitigated.All investments involve risk, and a lot of folks will choke on that.Even W2 situations involve the risk of layoff and other job loss - your income is NEVER under your control, you are always at the mercy of someone else and their abilities.You CAN take control of your own financial situation.

Last year we saw bust, hard. layoffs, increasing unemployment and massive foreclosures.

Also I want to diversify my skill set and avoid worrying about layoffs. 

Hi Jonathan,Here is my situation. i got lay off a few weeks ago, this means i cannot but investment properties with conventional loan anymore. if i buy rental properties cash, how can i refi them if i do not have a steady income from a job?

@Season PriceIf you want truly passive income I would suggest downloading Robinhood and buying into a couple of stocks such as reality income (O) or new residential (NRZ) they pay monthly dividend like a tenant would.

If a refrigerator is charging you money, you gotta lay off the crack pipe.

But it also says that if they have been effected by the virus in some way, that we can work out a payment plan after they have provided documentation of how they have been effected (layoff letter from employer, etc).