That being said, closing costs normally consist of the banks origination fee, taxes, appraisal fee, RE agents fees, title company fees, etc. 

If things are returning to normal by May/June, the rate may start to have an impact. 

Then treat the house as a normal rental, so they pay rent every month and they are responsible for electricity, gas and water. 

They just started a moratorium on evictions, so I really wouldn't want good tenants decide that they're ok with the eviction, because it's an unusual situation and they can explain it to future landlords (I do think that many landlords, who normally don't accept evictions, will likely be more accepting on evictions in this time period, because all of this was unexpected).And I don't want them to break the lease and move back in with relatives.

This virus should be a wake-up call to everyone on BP who sells, builds, eats, sleeps, and breathes real estate.

They should have some money and be able to pay you back once things return to normal. 

Hi Geetha,I ventured out on a drive tonite before dark (Sunday) and normally vibrant hustling Austin was a almost a ghost town.Restaurant parking lots empty or almost empty, hardly any cars on the road at all compared to normal.Freeways wide open and clear, hardly any traffic noise at all.It wasn't quite the Key and Peele Apocalypse, but it was eerie: https://www.youtube.com/watch?

April is only a couple weeks away, I'd probably wait for signs things were getting somewhat back to normal.

Since this is still going to get worse before it gets better, the sooner we curb COVID as a nation, the sooner we can get back to normal activities, like moving and selling homes. 

It has been volatile for sure but once the stores get restocked after all the binge buying and things return to a more normal situation as far as availability, I think the market will begin to creep back up.