Walk away from deal?

[Olivia Hardy]

We are days away from closing on two properties out of state. We are trying to extend closing another month to give the COVID chaos some time to settle but I, as well as many others, am beginning to think a month is not enough time. We've searched for a year and while the  numbers are good, these properties will be mortgaged and with rent freezes and eviction moratoriums this is concerning for fledgling investors.  Even though we have reserves the goal isn't to use them upfront, right? Thankfully we are still working but unemployment claims across the country are at record highs and this is my tenant pool. We don't have a deposit to lose, but could be sued for 10%. Walk away and wait out the storm?