I think it's wise for smaller landlords to apply for this, even if you think your residents are performing well for April.

Has been performing great

The people who took out HELOC's on their personal homes (borrowed) to be able be in this business might be facing a double edged sword if their W2 income is effected by this.Losing their homes would be a tough blow, a lot tougher than having to sell off an under performing SFH rental.It used to be called "Betting the Farm".Hopefully we pull out of this thing before it gets that bad.

Then, they generally perform the inspection which tends to be between 1 and 2 additional weeks. 

You can probably guess where this is going.....A small portion of our loan book consists of performing mortgages (~5%).

You can probably guess where this is going.....A small portion of our loan book consists of performing mortgages (~5%).

I realize this will very likely require more than 1 appraiser, as the appraiser would have to somewhat know the subject area to perform a desktop appraisal. 

Yes, @Geraldo Rosario, but depending on the property and lender, they may want to see 2 years of performance from the asset.

Do you feel that there is an opportunity there for someone that can still tap money and perform good underwriting? 

@Gary L WallmanYou keep the buildings and the loans that comes with it, but I keep everything that the tenants pay forever ; )  yes I recognize that the building is also an asset, but an empty  and non performing building is not going to attract a great price, this lowering its value.