Clarify with them why they are cancelling the proposed lease.  

Everything proposed is a short term marginal fix.

Not so for this  "rent forgiveness" proposal. 

Be they legislators, your mortgage company, or your tenants.  

I wrote my state legislators about it late last week but unfortunately mine are co-sponsoring the bill so I don't think they will change their minds. 

Me and my partners are likely going to be purchasing our first property before the end of the year, something that has being on the top of my mind is that two years ago I filed a consumer Proposal with tanked my credit score for a reason. when purchasing properties as a syndication, would any potential deals be hindered if one of the partners has a bankruptcy?

Congress may pass legislation that supports homeowners and prevent any foreclosures for missed payments during this period.

However when I saw their drawings and the proposed scope of work the actual cost of the rehab was more like $175,000. 

Here's quote from article and then link to article below: "Many Airbnb hosts are desperate to sell properties, say real-estate brokers like Greg Hague, who runs a Phoenix real-estate firm and helped state lawmakers draft short-term-rental legislation.

Without knowing your location, such as your town and neighborhood, my suggestion is to go with the first proposed layout.