The calculation for calculating NOI for a NNN leased property is a follows:Rental Income+ Reimbursement Income (Tenant reimbursing the landlord for operating expenses)= Subtotal- Vacancy/Collection Loss (% Applied to the subtotal)= Effective Gross Income- Real estate taxes (Typically reimbursed in a NNN lease)- Insurance (Typically reimbursed in a NNN lease)- Maintenance (This will depend on if single-tenant building or multi)- Utilities (Could be nothing is single-tenant building)- Management Fees (Typically reimbursed in a NNN lease)- General/Admin Expenses (Typically reimbursed in a NNN lease)- Reserve for replacement (Tenants do not typically reimburse for this)= NOINOI/Cap Rate = Market Value

Is that feasible?

Hopefully, a feasible interest rate can be negotiated.

Afaik insurance covers loss of income of property is uninhabitable for a claim( repairs etc). 

@Steve Chan the actual software i'm not familiar with but i've seen many different kinds of operating statements, profit and loss statements, rent roll's, etc and find that the ones that many use the same format, and the iffy property management companies that use maybe in house or dated programs generally have service that follows suit.

I am wondering what your thoughts are on holding current investment home, or selling (at ~$10k loss) to free up capital for any future foreclosures/low purchase price on homes as a result of COVID-19?

You will have to sell at a loss

(I would have loved to have kept it as a rental, but it wasn't financially feasible at the time.)

Very often you end up with a tax loss, even though you may have a cash flow profit.I am not sure we have enough information to tell you to fire your accountant.

No credit hit, no debt forgiveness tax, maybe even a useful tax loss.