Once people go back to work and all those bill forgiveness programs are ended we will see who can still afford their home and who will NEED to sell. 

We still have a huge construction industry and health and human services is the biggest sector followed by retail. 

@Zach CumminsNever invest more than you can afford to lose without losing sleep. 

One that caught my attention the most was real estate from a distance so my question to this forum is, I can’t afford a fixer upper much less a regular rental property in California, I ran the number used the no calculator and still didn’t make sense.

But most health experts agree that things will be MUCH better 12 months from now.That means the economy will start to come back.People will go back to work.Eviction moratoriums will be lifted.So many people are worried about what rent collections will look like next month.But I think a better question is, "What will your rent collections look like in May 2021?"

Many work in the school system, health care, municipal workers, unionized employees.

If he has more than 20%-25% in equity after the rehab, He can cash out the 2nd loan.The fact that the rent of the other unit barely covers the 1st mortgage, he will have to come out of pocket regardless of what financing structure he goes to.To answer the question as to how difficult it is to fiancé a Jumbo, it's not difficult at all if you can afford the loan payment on paper. we live in South OC, almost all of our loans are Jumbo, it's very common.

The more affordable options were Coops which are more like buying shares in a building.

fbclid=IwAR1_ej9w4ehy8nk1tbQqymMiVDJRd38X44AfzFGeHUXqavYaeZW7aitYJ3MProtections granted to residential renters during COVID-19 crisisGovernor Lamont’s order – Executive Order No. 7X – includes a provision taking the following actions to protect residential renters during the public health crisis:All landlords are prohibited from issuing a notice to quit or beginning eviction proceedings before July 1, 2020, except for serious nuisance, such as physically harming another tenant or the landlord.For rent due in April 2020, landlords must grant tenants an automatic, 60-day grace period for payment, instead of the existing 9-day grace period.For rent due in May 2020, landlords must grant a 60-day grace period for payment upon the request of tenants.

The bank will also look at your DTI ratio and see what you can afford as far as price.