It actually isn't a bad deal, we get to collect unemployment to keep paying the bills, we keep our benefits, and we have a job waiting for us on Monday 4/27. 

This is assuming the property has plenty of equityWhatever you do you will need a very sophisticated attorney to draft up the agreement which will probably run you $1000+ if you want to do it right (if you need an attorney I have one)Also what state is this in and is it an owner occupied loan?

I am also curious to know if folks will stick to their April plan based on how rent collection turned out, for May.

It provides no assurances that landlords can collect rent, remove problem tenants, or get a fair hearing in the court system.

I'm not a lawyer, but I'm sure some of this will help if you choose to proceed with an eviction or go back to collect unpaid rent from either party. 

@Christopher ButterstoneThe $1,600 rental income that you collected is gross rental income.

A lot of applicants in this neighborhood don't have any way to pay online, so I normally collect cash for their application fee and pay the credit/bg myself. 

Whether or not they try to collect the fee is on them.

Lol- they all are jumping on the unemployment train and collecting their checks.

A few questions about this, Subject to and Wraps seem to be a good option for a seller that is looking to collect a passive income stream and perhaps already has another place to live.