Also for all PMs out there they are letting to have a break for rents trust account maturity days and you can keep money longer/shorter if needed during this crisis period. 

Specifically getting into multi family buy and holds as well as shorter term single family rehabs/wholetail Hopefully this is the right forum to post this.  

I prefer the shorter contracts for their simplicity. 

Since there has been no money exchange and no lease exchanged, is there a shorter route I can take?

If asked by a tenant for relief, I will require proof of income loss, and will push for as much rent as possible plus a shorter term payment plan.

The 8 week period will almost always be smaller, because of course it would, and the borrower would be left eight a larger loan on a shorter term than the EIDL.Obvious benefits are no personal guarantee (technically if you use proceeds the wrong way there is recourse) and no collateral.But again, I must stress, for the purpose of this forum, I am 99% sure the PPP loan is NOT eligible for rental properties.

Considering the location and how much shorter our commutes to work were going to be, we were willing to take the risk.

Considering the location and how much shorter our commutes to work were going to be, we were willing to take the risk.

I think we are going to keep ours shorter or let them come to us, but I appreciate you sharing it!

On the other hand, stock market have a shorter time to crash and recover compare to real estate, I agree with Russell Brazil, that it may be a good time to jump in to the stock market little by little (not all in), to dollar cost average the stock market by “CASH” only, not with any margin or other form borrowing.