Unlike banks that have access to federal liquidity facilities, nonbank mortgage servicers rely on financing from commercial banks and private firms."

you guys have to realize you should work with tenants,because if this last along time like 2008 ,you will realize what i mean.sure everyone should be able pay their rent with their stimulas checks.sure you might have to workout payment plans to they get them.but after that it might get rough ,if the goverment does not get people back to work.what choice to you have,a tenant you know,or a complete stranger without a job.alot of you where not around in 2000 and 2008.this market could get real bad.like now if you advertise a place you get a good responce to look at it.in 2008 you would advertise and hardly anybody would respond and if they did they wanted 1 or 2 months free rent.i would prefer to work with tenants now,and i can already  know which tenants its going to be.it will be the 10% of tenants you always have to remind to pay.90% of your tenants will find a way to pay.we  all know they signed a contract to pay,just be nice if they work with you,maybe stop late fees or reduce them.but to forgive the rent is another story,unless the goverment forgives our taxes.you got to realize now you should be in survival mold,for i can tell you if you make it threw their should be sunshine at the other end.because most new building is coming to a halt,most remodeling coming to halt ,most family being home more ,which maybe creates larger family,and when this done most banks will have even more tougher standards for a loan ,like 6 months reserve for a borrower.so down the road rents will rise probably more then before this crisis.so just hang in their and develop a plan you your situation.so look as this as a bump in the road.and if you live in wisconsin ,you should know by the amount of potholes we have

I am trying my best to concentrate and focus on my work and business as much possible by following standard routine and optimistic view.

For my area this is considered a standard to good deal.As far as 2% rule I have never seen any that are in areas I wanted to invest in, but in other states that may be different.So, IMO I would be interested in getting into assets that cash flow better (or that cash flow at all). 

@James Carlson That's a tough situation, I would wait the standard two weeks and then confirm the nurse is negative before filling the vacant rooms.

@Jared CrockerHi Jared,Are you asking about the EIDL loans that have been in the news or just normal standard SBA 7a loans?

I’ve heard 90%+ occupancy being the gold standard and to steer clear of properties in neighborhoods with lower occupancy averages.

For example:-Not only are people who become unemployed eligible for standard unemployment, they are also eligible for enhanced stimulus unemployment, and the one time stimulus check.

Also, your DSCR is below the standard 1.25%.

Try to educate yourself on state laws and tighten up your standards as soon as the situation allows.