Concur. I have two friends who are stuck with tenants who aren’t paying rent yet can’t be evicted. They both plan to sell as soon as this blows over. They barely made any money (other than equity, obvi) over the years due to repairs, maintenance, damage, etc. Not worth it from a cash flow standpoint.
I think you’re going to see a decline in housing prices as people start putting their rentals up for sale, flooding the market—which is going to result in fewer rentals, exacerbating the housing crisis for those who can’t afford to buy.
I’m starting to see the far reaching effects of C19, and I don’t like what im seeing.