That's a pretty extreme view even for the worst case scenario.

Well I for one need at least 40-45% of my rents coming in to satisfy the taxes, insurance, water, garbage, and basic maintenance, etc.

I would consider allowing them to break lease if they had an extremely terrible home situation where family were dying and needed their care (which I've already done).However, we can not abandon proper business protocol in the face of hardship. 

They are in the amount of what the house is worth so satisfying them is not an option if i plan to profit from the transaction.

@Sameer BhaleshaMean no disrespect but if you are so excited about the pandemic and the recession, you must have been in extreme mental distress during the 10 year boom.

With a 2nd or a cash-out refi, Anything you have paid back cannot be accessed again without getting another loan.The rate for a HELOC will generally be variable and generally higher, while a cash-out refi / 2nd will generally be fixed.In times of extreme uncertainty in the markets (like we are experiencing now), a bank could freeze access to your HELOC. 

. - $1950/monthMartin $678/month - $2200/monthPanorama $681/month - $1850/monthAlso, as stated above, trying to get traditional financing on this type of asset is extremely difficult too secure.

As for me, I’m extremely motivated to develop passive income and I will finish 100% of what I start.

With the global economy in a tailspin and nary a sign of it stabilizing, the likelihood those loans will be paid in full — whether through refinancing or property sales that can satisfy lenders — is slim.The shrapnel from this ticking time bomb will be absorbed in virtually every major metropolitan area in the country.

I would approach with extreme caution.