Apartments have a lot of turnover in general; I don't think you're experiencing anything unusual.

That's unusual that you would know much about the offer that did get accepted. 

I’m assuming I’ve looked those two houses as they were both listed as renting for $1425 in the grid (an unusual number) I actually looked at all 4 of the properties in that sellers portfolio.

In a panic, people do the most unusual things.

150-200k is a bunch; but not unusual apartment buildings always have things that need attention. 

After the refi it was still cash neutral (it is not unusual for the cash flow to stay near the same after the refi because the debt has increased at about same percentage as the rents). 

Also, in our area there was an unusual phenomenon where people started living with family members so that also caused a decline in the number of renters.

They just started a moratorium on evictions, so I really wouldn't want good tenants decide that they're ok with the eviction, because it's an unusual situation and they can explain it to future landlords (I do think that many landlords, who normally don't accept evictions, will likely be more accepting on evictions in this time period, because all of this was unexpected).And I don't want them to break the lease and move back in with relatives.

@John WalterI think its unusual that you've had to wait this long to back out of a contract with no penalty.

I was ready to rent it but am wondering if there are any unique ideas out there about a short term strategy that might be be more beneficial during this unusual World situation.