The only thing I can see is you’ve got 20% for capex, management, maintenance and vacancy all together, that might be a little high if it’s a newer SFR.

Not vacancy- But "no rent."

Or just decrease vacancy? 

Even with a 30-year amortization.I prefer 8% Vacancy when underwriting MFR.

Definitely need some CapEx in there. 7% vacancy is assuming only two months of lost or missed payments.

Secondly, we have weighted Sec 8 or tenants on disability, SSI or other guaranteed income heavier than previously.Lastly, I have allowed vacancies to go unfilled despite demand from tenants I would have previously accepted.  

When occupied have my agents quote occupied policies as well as a quote from Foremost making sure when a vacancy occurs coverage is available.3.

Could have a short vacancy as we are not showing units in person to people until the unit is empty.

I'm shopping in Long Island NY and it seems impossible to buy using the 1% rule in this market.I've done some more detailed analysis of deals and it seems like 0.8 might be appropriate here; mMy analysis works like this:Run comps for rent and determine market rentCalculate 85% of market rent and I have my "effective rent" (deduct 5% each for vacancy, management, and CapEx)Calculate PITI (principal, interest, taxes, and insurance)If effective rent > PITI; property cash flows?

I don't know the details of the CARES act as I'm not in the US, but generally speaking vacancies are where you loose a lot of money.