Personally, on a couple of our re-performers where the borrowers were steadily paying for years, I'd be willing to do a forebearance until they got caught up and that's outside of any stimulus.Keep your eyes out for any panic selling or motivated sellers.

Also, not knowing any of the details for the swap, George made some excellent points about the motivations that should be evaluated.  

Incredible times we are living in. 

Maybe this will provoke delays but as I recommend my clients to be patient and recall their initial motivation to get the deal closed.

Fostering fear-based motives to sell.

I feel like once i get started, the ball will start rolling, i think i have the skill and motivation to succeed.  

I'm open to buying/investing elsewhere (and continuing to rent in Brooklyn) but am incredibly nervous about being far away from my property and wouldn't even know where to begin. 

Depending on what you're doing with the money, the Spectrum is at an incredible rate right now (although your $0 initial draw comment makes me to think this option isn't what you're looking for). 

There will be motivated sellers that have to sell due to timing constraints bu they are usually more under capitalized with just okay assets.  

House hacking is an incredible way to get into buy and hold real estate investing with a relatively low financial barrier to entry… plus the added benefit of reducing housing costs!