I just think that if we are going to play a game where tenants no longer have to pay rent for a prolonged period of time and can't be evicted, that landlords should also be able to defer payments up the chain, even those of us who are well-capitalized. 

It's because they have the MEANS to support themselves should they lose their jobs, even for a prolonged period of time.Part of accepting a low CAP Rate (5% or below) on NYC Properties is to balance it out with Quality and consistent income stream.While I don't mind helping Tenants that are NOT WEALTHY....

Servicers maintain liquid reserves to cover these advances for loans backed by Fannie Mae, Freddie Mac, or Ginnie Mae MBS, which make up the majority of the mortgage market.But servicers cannot survive if they have to make payments on behalf of borrowers for a prolonged period, depending on how long the COVID-19 crisis lasts.

But if this lock down prolongs, it might have huge impact to the Houston Job market which might have big shift in the real estate industry for atleast 2-3 years.

Pros: When this blows over or we can make it through a prolonged down cycle, the market will eventually recover to sell.

By prolonging the social distancing and certain employers being forced to shut down.  

You could also ask your current tenants if they need to prolong their stay for a month under the current circumstances.

The only way the tenant "wins" is if they are able to stay in place for a prolonged period of time without being evicted.

OTH I am not sure how most businesses can survive missing months of revenue and if lockdown continues not sure how going into more debt helps other than prolonging the inevitable.

Have you considered the possibility of a prolonged downturn?