This will also will allow you to make plans and speak to your creditors if necessary.  

The governments need to step in, and advocate personal responsibility not just in social distancing but in meeting your obligations to creditors. 

We to are in search of our 2nd vacation property in the same area and are looking forward to purchasing more as long as our purchasing power lasts as we are all cash investors and don't really like leveraging capital or being beholding to banks and/or creditors. 

Can I pay for the renovations (using the BRRRR method) using my line of credit or is this something I should save for or finance with the mortgage?

Also, review the amount of money owed to creditors on this report. 

If you want to buy and hold, you'll need decent credit or have a partner that does.

Keep it simple, search the 203k contractor database, you wildlife one in your area, call a few then pick best one.These are the basics if you need mor help send me a private message, happy to help.Also, check your local municipality where you are purchasing or there state department of commerce or other, to see of they offer a first time hime buyer credit or incentive, you may be able to get everything for $0.00 out of pocket almost.Anyhow, much luck!

Now since you mentioned Property lines of Credit or Business lines of Credit are we talking about Credit cards?  

I don't mean choosing the most qualified tenant, but making a specific minimum requirement - let's say a 650+ credit or income x40 rent?  

Some creditor or predator could come attach any frivolous lawsuit to your name, and then you're stuck.