It is a scary situation and the media isn't really doing much to alleviate the stress.

Any tips to alleviate this problem?

Etc.I like that they say, the money can be used the it best alleviates economic injury .. that sounds like it is pretty much left up to us to determine the best use since the owner of the business knows best what they need.

Here is what my EIDL documents say and I would like to discuss some points here:Borrower will not sell or transfer any collateral (except normal inventory turnover in the ordinary course ofbusiness) described in the "Collateral" paragraph hereof without the prior written consent of SBA.USE OF LOAN PROCEEDS· Borrower will use all the proceeds of this Loan solely as working capital to alleviate economic injury caused bydisaster occurring in the month of January 31, 2020 and continuing thereafter ...REQUIREMENTS FOR USE OF LOAN PROCEEDS AND RECEIPTS· Borrower will obtain and itemize receipts (paid receipts, paid invoices or cancelled checks) and contracts for all Loan funds spent and retain these receipts for 3 years from the date of the final disbursement.Borrower will not sell or transfer any collateral (except normal inventory turnover in the ordinary course ofbusiness) described in the "Collateral" paragraph hereof without the prior written consent of SBA.1.

One of the options: rental insurance, which allows renters to pay a small premium each month, instead of making one cash security deposit.This is to help alleviate barriers to renting an apartment, the law says landlords must give renters options other than a traditional cash security deposit.I have managed properties that offered surety bonds, which was a great option for the renter as well as the property.

If the guys on top (lenders, insurance companies, utilities, etc.) alleviate some weight off of us, then it makes sense to chip in as a collective unit to help out our tenants.

@Hunter Cone, Hi Hunter, You should look to find a great property managers to help you alleviate any troubles with long-distance real estate investing.

If this is available in your state, it could be a starting point to alleviate on their expenses if the tenant is responsible.

I agree that having tenants will alleviate... it’s getting the tenants in in the first place. 

 - Attorney: Contacting an attorney and asking all your liability questions wouldn't be a bad thing - its your first deal and hopefully it alleviates fear and clears up things in your mind.