Luckily we found a particular insurance clause that supported. https://www.bakerdonelson.com/coronavirus-impact-on-office-retail-and-industrial-leasesBjorik, 99.99% there will not be any Business Interruption coverage for this unless the courts force the insurance carriers to adjust the interpretation of the current policy language. 

I just cancelled my closing in Vegas, lost the earnest money but at worst I pickup the property at around the same price when recovery comes, at best I get it a lower price as the market adjusts to the recession.

I reserve the right to be wrong, but with the entire world working on vaccines and treatments, my bet is that the threat posed by the Corona virus will fade significantly in the next several months. 

Governments, States, Counties will need to adjust rules, laws and  people adapt to new ways.Life Events: People will loose their jobs, family members (unfortunately), People who never had any savings will be forced to dig even deeper into debt.

Unless it was a job only I knew of...They sound like motivated people and unfortunately their best bet may be unemployment Insurance for now.You are doing them a tremendous service by working with them- do not frustrate yourself trying to find jobs that don't exist right now.

@Rob Lee I agree with Nathan G with one small adjustment.

I bet someone that actually OWNS 5000 doors isn't just saying "don't worry about the rent". 

There is a piece of me that thinks that even if I drop my price, people still won't show interest because of fear of coming to a showing or other interactions associated with getting a new apartment.I was also kicking around the idea of an "adjustable rent" type of strategy where I offer rent at say $500 per month for three months to weather this storm, then it jumps back up to market price (defined in the lease). 

But if this stretches on for months and months, businesses will all have to adjust and lay people off. 

It’s kind of a gamble but I guess you can make an educated bet based on the market, supply/demand, and the quality of management.If you didn’t do that then I do think they’re due back their deposit.On the positive side, it sounds like you have a nice property in a popular area if it rented that quick..Best of luck!