The ability to ask for an advance of up to $10k which must be paid to you in 3 days from application, regardless of approval.

Despite already having the appraisal done and the loan approved pre-corona, they've used their two week no-contact period to now tell me:We need a new appraisal ordered through them.

There is new hope since the FDA just approved the off-label use of some very common drugs that have shown great promise in treating Covid-19.

You might try getting a credit from the seller to use as you wish ( have to get lender approval ) because they might just want to pay down the amount of loan amount to start which does little to nothing for you.Some sellers will give you the credit and walk away and others will want it escrowed and a release each month based on if the tenants are paying or not.Being mom and pop tenants you need to know if the seller has received rent abatement notice letters yet.

If you have second thoughts, it is up to sellers to approve or keep the deposit as non-perform case.

What happens if you cannot get approved ? 

I was just approved for a HELOC on my house and my original plan was to do a BRRRR, but in these times it seems like that is not a good approach.

Once the SBA starts approving loans we should know more.

I am thinking this comes after I have been approved for X amount of dollars, is this correct? 

@Shahriar Khan Option 2 was good suggestion but these City is taking forever even for small plan approvals.