Anticipated rent is $1800 with an anticipated cash on cash return of 28%.

Acknowledge the 60 days but told me his wife would stay in the house until may 28th, due to school calendar.Now, on march 28th he send me an email saying that, due to covid19, he is anticipating the Move to April 6.I am considering, for rent purpose, that the contract is valid till may 28 th as i haven’t done any move to re rent the house.

But most importantly, make sure your net will be positive if the worst decline you can anticipate occurs. 

The rest of the lenders that are alive are anticipating defaults in the next few months as houses become more difficult to sell hence the lower leverage and tightening of criteria of rehab and FICO score.       

*As a side note, my husband and I are not anticipating needing to use mortgage relief for any of our properties, but as a back up plan, we'd like to be aware of our options. 

Although you must decide which relief program is best for you, we believe that the CARES Act SBA 7(a) Relief Loan is the better option for the following reasons:The SBA EIDL program already has a bottleneck of over 25,000 applications.CARES Act SBA 7(a) Relief Loans are available up to $10,000,000 vs. only $2,000,000 for the EIDL program.With the expertise and experience of seasoned SBA lenders and loan providers involved and helping to shape policy, we anticipate that the CARES Act SBA 7(a) Relief Loan program will be more streamlined than the EIDL program, and funding will be available faster.So if you don’t know now you know!

If not then I would love to hear what steps you are taking to continue your business's and what area's or investment strategies you are focusing on, not only today, but going forward and what you anticipate to happen in the real estate market. 

Apparently, your mistake was not forward looking and anticipating road blocks ahead.What is great about RE investing is that you can start out as a hobby and not quit your day job.  

I haven't heard from them and fully expect they will pay as usual, but admit, I'm counting down with anticipation........ ;-)

Will definitely take longer than usual given COVID-19 and the anticipated backlog once it reopens.