Fair or not, that's the reality of the economics of time and money in the industry.

Plus it gets him through the current crisis with a tenant.My guess is that if you did nothing, he is likely to increase your rent come November.

However, Chicago has over 200 neighborhoods and 100 + suburbs - some of which are experiencing great positive economic and population swings and others that are swaying the wrong direction parlayed with a lot of future unknowns.  

Are you concerned about any sort of tenant crisis spawning from Covid?

Even with all the government financing programs, banks are becoming more cautious as the future economic/employment outlook becomes more and more uncertain.There's even a bigger problem in that right now the inventory is so low that I think rehabbers are paying too much. 

@Richard Prillerman Basic Economics by Thomas Sowell

Rent rates and other value adds are topics I am interested in learning more about.The location is a good one and is experiencing good economic and population growth. 

Buyers want a vacant home too during this crisis, since they dont know the health condition of the people living there. . 

I am a bit nervous with the current economic situation, I do not want to be stretched too thin.

HELOCS and lines of credit are the first thing to freeze up during an economic crises.