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.. 

@Warren Ginn maybe negotiate a rent reduction for a short period of time versus total forgiveness.

Investing in stocks could be a much easier way to place bets on the next few months. 

You could sell it to their attorney as an insurance policy to get their fees paid, since I bet a lot of the seller's assets are frozen, because of you know...drugs money