You cannot evict or lockout a tenant for 60 days after the state emergency is lifted and no one knows when that will be.  

I'll agree there is opportunity during CoV, looking to see how many homes go to REO once protected forbearance lifts up.

With all the lockdown, stock market crash, and many folks got impacted and lost their jobs, I was getting nervous.So last weekend we decided to take the property to the market, before the government lockdown is lifted.

3) Maybe do nothing if they pay no rent and then hire an eviction service to evict them once the "no eviction " order is lifted if money is still owed?

And do you expect it to get better now that COVID restrictions are being lifted, or will it continue to worsen?

As far as eviction time line, the bans will be lifted soon.

You didn't mention she is not paying rent so I assume she is but if she is M2M as soon as eviction bans are lifted this is an obvious non renewal. 

Make sure job stability once Covid is lifted is still growing 

My plan was to talk to him first to assess his situation then give him a 60-90 days notice once the state of emergency / lockdown is lifted.

I don't really worry too much about a budget if I am doing most of the heavy lifting even if the home needs substantial work because I know it will probably not bankrupt me unless I start hiring a bunch of people who value their time more than me.