It is currently a good hedge as the marijuana business is booming during Covid Crisis (essential services like a pharmacy) and a property with no  bank loan and NNN tenant is very little stress.

I ask since I can’t call the city office right now due to the Covid19 shutdown3) when are we gonna start seeing price decreases on multis?

I service the Manhattan and Brooklyn market and if New Yorkers can start to return to work in May then I don't expect much of a decrease in values.

Personally, there's a bit of silver lining to this whole thing such as seeing car prices decrease quite a bit in the near future, and seeing lots of stupid businesses I hate that my enemies work in, such as hotels, timeshare, tattoo parlors, and any artsy fartsy type stuff get absolutely decimated by the lockdowns.CASH IS KING 

I assume "no" but I can clearly see they are not adjusting for the prime rate decreases. 

I assumed from your post that you were looking at single family and the multiple fee, multiple applications, rejection process puts a mental and financial stress in play. 

The size and value of the homes have decreased as well.

I’m glad too because it likely would not have been a lucrative money making opportunity considering the stress it would have put my folks through to co-sign.Considering buying a rental property locally in cash, have 20k?

well educated and experienced people in the indusrty saying that the house prices will decrease untill they will hit the bottom , and it will be mounths from now.im an out of the counrty investor so my the understanding of the nuances of the U.S. economy is limited.if we are at the peak of the pandemic right now, or were going to be in about ... a week, and after that we will begin to go back to normall slowly, why we are going to see the bottom in a year from now?

@Wade MeganI cannot stress enough......do NOT do this.