Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!

As they get older, make more money, and have kids that reasoning will disappear. 

It’s much more fun and it’s less of a threat to your wealth.

I don’t like the idea of those funds sitting in there with someone else’s control over my money know anything any moment they could disappear.

in my market in the midwest ,i donot see rents going down.i owe mostly class b properties.in 2008 and 2000 , i actually was able to raise rents,because i had alot of class a tenants where coming to my properties.i see this time a liitle different ,but i think rents in apts and duplexes will stay even.alot of fellow landlords will renew their rents at same price.they will be scared to raise renewals.in the apts and duplexes the landlords who know how to market better will be alright.the landlords who do not market their properties all year will be hurt.we have learned if you market your places even when no vacanies it helps.so when you get one ,you sort of have a waiting list. were i think you will have the problem ,will be in single homes.that is the person that has been most effected by cov-19.most were white collar, not essential jobs in our state of wis.it will hurt when trying to rent that property ,because your pool of tenants will be smaller.in the plus side ,if that is your market you should be able to add units at a good price.because like renters,that same market of homeowners is getting effected.foreclosures will be coming in 6 months.where i see the big problem coming is commercial properties.you could see a 25 vacancy in that area.alot of retail ,will never reopen.who knows how low their prices could go.what i know for sure, will the landlords who thought being a landlord was easy the last couple of years will disappear like in 2008 and 2000. their weakness in running their business will come front and center and they will sell out .i see some starting to bail already,and we have started to have problems.the no evictions has shown in our state already, which landlords have good screening process.because most of tenants not paying our tenants they should have not took in the  first place.we have good tenants that have lost jobs,but they have found a way to pay.between stimulas check,unemployment checks ,savings ,or payments plans ,or temporary gigs.we had problem with only 1 tenant last month,out of 155.that is with a building we just bought,we have not been able to train her in our way of doing business.you can tell by her way of talking she is  belively in her mind she does not have to pay rent.and with no threat of evictions ,nothing we can do.that is where goverment has to stay out of our business.we even got of  her rent covered by local help assocaitions ,but she is to lazy to go to them.that is most of the same kind of tenants ,most landlords every problems with in our local apt assoc.

Regardless when i threat them with late rent notices etc.

The miserable sod deleted his post immediately and disappeared off Linkedin. 

That $50,000 profit could disappear after carrying costs and attorney fees. 

You mentioned me, my post has apparently disappeared.

i agree with robert not all landlords are alike.but one thing we all have in common we bought are buildings on tenants paying rent.if does not matter if one unit or 1000.we all counted on that tenant paying rent.so do wantever helps you do it in collecting rent.i have found now will most tenants i will talked to most have their april rents ,and will probably have may rent will stimulas check.so start building up a cash reserve,put all major  remodeling  on hold.just fix what you must.your job now is to babysit your tenants ,try to get them to realize them stimulas check has to last along with those unemployment checks.i know none of you have signed up for this,but you have to adapt,or you will be one of the landlords that will go out of business.i seen many in 2008 ,that will stubborn in their ways and it hurt them.i was one for a liitle while then too.but you will learn without threat of eviction certain tenants our going to think they do not have to pay.your best chance is tell them work with you now to evoid eviction later.some will work out,and some not.but that is just like when you pick a tenant,you really do not know to 3 months later,if you got lucky and picked a great tenant.