Now that that is accomplished, we’d like to know what other seasoned hosts use as standard practice that isn’t too restrictive in nature and doesn’t inhibit  steady bookings... but reduces risk to the property.  

The light renovations include new paint, sanded hardwood floors, and upgraded fixtures.

For example - Kitchen Remodel - Cabinets, Counters, Plumbing, Lighting, and Flooring - If they say $3K - $7K for an average kitchen then you now have a price from that contractor...

Link:https://www.phila.gov/2020-03-20-li-issues-guidance-on-construction-work-in-light-of-governors-march-19th-order/ 

My line of thinking was if we end up in oahu we probably won't be able to buy a house but we can save and really enjoy hawaii and the nature and even do our part in giving back to hawaii.

@Robert Vorhies, maybe try something like this:'In light of the current CV19 situation, we will renew your lease at the current rent, plus a pet fee of $xx.xx. 

Thus, a random sample of any given date, your natural loss to lease should be 1.5% even if every lease is brought to market every renewal. 

The renovations were light, so they are just about complete.

Bigger drop at end of year.Great Recession was the same...tech crash too.I'm on my phone so can't pull up the charts, but it's the natural psychology behind the market.After this stimulus passes,  likely a jump will happen and you'll feel you missed the bottom.

The original poster is trying to make light of the coronavirus.