@Grant DoyleI am learning the hard way by not choosing a new build over my existing 4 unit gut rehab.

My current market shows a high shortage of existing properties for investors to to either go with a fix n flip, buy n hold, or even BRRRRs.

I know at least how our C/D class renters operate and think ( having had 300 of those) and they get checks and I fear the last thing they are going to do is pay rent if they think there is a moratorium on paying etc.. that is where I see risk right now.But working with tenants through this is just a REALITY and my thought is and us lenders learned the hard way that taking a tough stand with someone who cant pay you anyway is just going to lead to more trouble.the idea that most renters have a 401k they can draw from or a big savings etc again in my experience at least in work force housing this thing dont really exist for many if not most.Lastly one of my bizz partners owns a 150 unit B class in the northwest his manager sent an email and said be prepared for 40% no pays for one to three months.. now with all this bail out I dont think it will be that bad.. 

If you’re taking the non-traditional mortgage route, that program probably no longer exists.

You'll probably learn a lot from their perspective on that.It's rare for that kind of vacancy to exist without some sort of systemic issue.

Through our mobile applications and websites, we are focused on helping customers transact and move directly through our growing portfolio of Zillow-branded and affiliated transaction-related services and/or through referrals to trusted Zillow Premier Agent or Premier Broker partners.This strategic expansion has dramatically increased our total addressable market from $19 billion in real-estate related advertising according to a 2019 Borrell Associates report to $1.9 trillion in annual U.S. real estate transactions, which represents the estimated transaction value of existing and new homes sold in 2019, according to the US Census Bureau and National Association of REALTORS®."

Upstairs used existing hardwoods and pieced more into the kitchen for continuity.

Your lender can run both loan apps. at the same time, however you will have to count the up coming purchase and its  additional expenses into the refinance of the existing home. 

It is also unclear if his order is going to apply to existing reservations that have check-ins within the next 14 days. 

The cost to build will go up great, causing existing real estate to spike.