But now with the Coronavirus in effect, I have no idea how exactly the housing market will be impacted.The price of my home in CA are at all time highs.

Also, I can see that Coronavirus is effecting US/World economy harder than I imagined.

For example, if they owed $360, then we would sign a year lease were their new rent would be their old rent + $30.For everyone who had over $600 worth of money owed, we gave them the option to payoff the entire sum at once, in chunks, or effectively pay $600 by signing a lease for $50 more than their current rent and we would forgive the rest.

I searched some other posts but it seems like I just need to get the details of the lease? I found a seller in Maine who has a Single family home on a 7,405 sq ft lot, half the lot is empty from where an older house w...

It takes a super heavy rain storm for the signal to be effected.

As mentioned, an acq fee is customary in many syndications 1-2%, but this is on multimillion dollar purchase price, and that fee is typically associated with a lot of travel cost, due diligence work, etc and can be one or more persons full time salary, i.e. life effecting.  2% on a $300k deal is $6k. 

It will have an effect on the economy for sure.

I would not advocate holding on to massive amounts of cash waiting for a down turn. 

I assume its because the lender wants some assurance to limit risk to what is effectively their investment too, right?

If rent is due on April 1 notify him now for a rent increase effective May 1.