Unless it was a job only I knew of...They sound like motivated people and unfortunately their best bet may be unemployment Insurance for now.You are doing them a tremendous service by working with them- do not frustrate yourself trying to find jobs that don't exist right now.

I bet someone that actually OWNS 5000 doors isn't just saying "don't worry about the rent". 

I agree with Account Closed that STR wasn’t as popular back in 2008 as it is now.  

It’s kind of a gamble but I guess you can make an educated bet based on the market, supply/demand, and the quality of management.If you didn’t do that then I do think they’re due back their deposit.On the positive side, it sounds like you have a nice property in a popular area if it rented that quick..Best of luck! 

If they can only swing $600 right now, OK, but we better have a payment plan set up to cover the remaining $400.I bet a lot of the people saying they can't pay rent right now are going to be paying their cable TV and iPhone bills as they know those services will get turned off by the provider.

I'm not a fan on betting on a loser

Thank you again for the advice here, I bet you have more experience than I do (first commercial loan here) 

So I want to be overly prepared, my bet is we are looking at at more than 3 months of closures.

There's opportunity to be in had in any market and I bet a lot of smart people are going to make a lot of money if it dips.

Grace but don't be too soft hearted - we don't run non-profits.I bet unemployment wont cover all their rent and food etc.. in my mind landlords should be coming up with a plan.. the we are not charity is not going to play well .. flip side is your investors you knew the risk you took counting on someone else ( tenant to pay your bills) thats why proper reserves are a necessity in the rental business.. for situations like this.. this should be no issue to a landlord who has proper reserves..