I was told precisely the same thing when I bought a house in Florida.

Precisely what Mitchell said.

It's built in a factory where controlled conditions produce more precise measurements and better over all fit of modules than is possible when stick-building on-site by hand.

The reason that this recession will be so nasty is precisely because COVID-19 unemployment is disproportionately targeting those that are already in lower to middle income brackets and entrepreneurs, and has a much lower impact on high earning w-2 knowledge workers.Will prices go down in Tech driven markets? 

I would highly encourage having some form of job or income, maybe part-time, to ensure kids are not going through hardship if anything happens to the tenant or your life.Now coming back to pure numbers, $500K to $800K is a big range, you should know the precise number first.

I'm very technical and precise on designs but can also visualize redesigns and develop a plan to completion that gets quick results.

And I do not have ANY federal or state supported mortgage, precisely because of the current example!  

This way you won't be going after the wrong type of property.When you start to develop contacts with real buyers, they will tell you precisely what they are interested in, helping you narrow down your search. 

Make sure you calculate your rental numbers precisely.

So really it wouldn't hurt to try.This was going to be my suggestion precisely but I will add a couple items.  1) As others have stated the chance of getting any of the money owed is low 2).