I used to give the 1% rule a ton of weight, and I still look at it when analyzing a deal, but it's not a deal breaker.

You need to have written policy in how you deal with tenants and apply that policy across the board.If you allow pets under a certain weight, they have to be allowed across the board.If you have a policy that all tenants must make 3 times the rent, then all tenants must meet that.And if you have a policy about waiving late fees, or reducing rent, or waiving one month of rent, whatever it is, you really need to apply to all.When landlords get into case by case basis with a different rule or decision for every tenant, that's when you set yourself up for a fair housing violation.   

If this lingers any longer, then we are back to the same boat in another 2 months.I am also seriously considering a rent credit for multi-family occupants with a weight tilted to longer term tenants. 

Get it on letterhead that includes the following items at a minimum:  proof of spay/neuter, sex, breed, shots, vaccinations, county of registration, age, height, weight and colorProof of annual pet license.

The main issue you haven't mentioned is that you have too many layers of roofing up there and weight is a real concern.

This is not something that requires congressional approval, so the announcement today carries significant weight.

Do lenders actually lend on the income of the asset or it is weighted on the net worth of the borrower, or both? 

Hard money lenders will lend sometimes without doing a credit check or don't put much weight on it.  

It obviously wouldn't be ideal, but knowing I probably won't lose my hat takes a huge weight off of my shoulders. 

The only sector I would touch right now as investment would be dollar cost averaging an equally weighted S&P etf and that would be months from today.