It will take at min a year after trials just to get a safe vaccine that the general population can take."

In most municipalities, there is a redemption period where they can get it back from you so you wouldn't be able to work on it (or wouldn't want to) Those periods vary from maybe 6 to 12 months but you'd have to find out what your local rules are on that.

Regarding your contract -- you have an inspection period, I presume. 

Useful life remaining is max 10 yearsQ: when i depreciate the building, will it be for only 10 years (remaining life)...so lets say salvage value is 50K. so I will depreciate 30% of cost = 330K minus 50 K salvage = 280 over a useful life period of 10 years = 28K per year?

Moral: there is no science, it is a bit of trial and error and continuing to trust your instincts, if they haven't led you astray yet.

If this continues for an extended period, there are certainly steps the government should be able to take in regards to tax changes/credits or having loan payments halted and tacked on to the end of a loan to help with current cash flow.

Do i need to be wary of houses that have been on the market for 2+ years and have dropped the asking price by 40+ % in that 2 year time period?

First thing to remember is you are not in default for 90 days so you have a three month grace period that you can be behind on your payments but you don’t wanna do that without communicating to the lender.

Went under contract with a five day contingency two and a half weeks ago, the sh*t hit the fan the day after the contingency period ended and we confirmed we were moving forward.

As we enter this uncertain period, one of the questions I’ve been thinking about is, what happens if my tenants stop paying rent?