The feedback I usually get is that buyers wanted to assume the loan but the process was lengthy and complicated, and buyers eventually moved on leaving the seller with no equity and option to sell other than writing a fat check at the closing table since they had to continue to lower their price.

If my kitty was fat enough, I'd take 5% any day and throw my laptop and iPhone in the trash, sleep till 10am and play guitar with my amigo's haha

Fat chance, my advice was sound, when he took action based on his decisions he is responsible for the outcome. 

@Brad Fausett I'm gonna give you the biggest help anyone can in this and say stop digging, your on the way to China with that grave. 

Reality is, as David mentioned, 95% of what you will do is transfer nursing home patients, pick people up off the floor because they are either too old or too fat or both to pick themselves up, and lastly be the designated adult in situations involving the 20% of the population that no one else ever wants to deal with.

There is a lesson in here with for the bright young men & women who are today being brainwashed on YouTube and other forums to detest and shun higher education and professional 9 - 5 jobs by “gurus” who obviously don’t want too many smart sophisticated people around on this planet so they can sell their generic advice for a fat fee.

Assuming we get very favorable financing, it sounds like the plan would be to use all the $50k to get the best house we can in a high demand area, dont really worry about fixing it up, and then start renting it out as soon as possible?  

Now our goal is to refinance those properties before the end of the year so my banker can get a big fat bonus and I can get out of high interest.   

1 year: House hack plus 4 plex cover my living expenses5 year (Lean fire): 5k cover our living expenses (50 units should make this happen)10 years (Fat fire): 10-20k per month depending on our lifestyle but the goal is to buy a family plane for vacations and 20+ acres to build our family home.I want to grow this as a business, not a passive pursuit.

Originally posted by @Craig Lessler:Under the current situation in which most of the economy was shut down, the vast majority of people can in good faith state they have been adversely affected somehow by Covid-19.