If these questions make you nervous or defensive then I think you have your answer on whether you should proceed with the deal or not.If you have the liquidity to be able to do this, then as Evan said, you still qualify and should go through with it.

I am kind of curious how your loan officer didn't push back since you have no legal ability to occupy unless Tenant B is on a month-to-month or expiring soon.

In a time like this, it's easier to sell the idea that investors should have 6-12 months' worth of liquid cash reserves set aside for when it hits the fan (especially with the eviction bans currently).

Chances are, though, you'll get cut out of the deal after your contract expires.

GETTING HELP NOWNYTimes - Money MattersUnemployment - law expires 12/31States can access when they have 10% rise in unemploymentUnemployment is typically 45% of lost incomeMost states pay 26 weeksDon’t have to lose your job, can get it if: you are quarantined, furloughedGetting unemploymentHave to have been at job for 30+ daysEligible for 2 weeks paid if ill or quarantined or caring for sick family memberPart time workers can get average of normal 2 week salarySelf-employed (gig workers, etc) must calculate daily average and claim as tax creditWho is exempt:People that work at companies that employ 500+ peopleCompanies with fewer than 50 people can ask for an exemptionEvictions + ForeclosuresMoratorium right now on bothSuspended for 60 daysThis includes foreclosures that are in processTaxesCan hold off on paying (without penalty) until July 15th if:You owe less than $1 million to the federal governmentIf you are getting a refund, it will come in a normal time frameMortgagesFind out who owns your mortgage + what programs are availableRequest Assistance (Fannie Mae)Small Business ReliefSBA Economic Injury Disaster LoansSmall business loans up to $2mil3.75% int rate for businesses | 2.75% for nonprofitsDenver Small Business ReliefDENVER RE TRENDS - please note you should watch Seattle, as what happens there will likely come to Denver and Colorado SpringsPulled data for detached/attached homes within 6 miles of a client property in Sloans Lake$350-$500KMore properties went under contract in past 5 days than in two other 5 day increments we recorded (11-15, and 16-20 days out)35 of those were on the MLS for 6 or fewer days$500-$700KSimilar to above, 5 days out is beating number of houses that went under contract 11-15 days out and almost the same as 16-20 days outCitywide: 2.4 homes were falling out of contract/day in March. 5.8 for Feb. 2.7 for Jan. $800-$1.2Mdown from 5 day increments before, but not significantly and a small data set

Banks have a peculiar situation as they need to keep liquid but investment lenders just need to keep funding.  

Make sure he carries E & O insurance and you have a contract with him.

TX doesn't yet have a shelter-in-place order, but it's probably coming.As the saying goes, focus on what you can control.I wouldn't sweat the potential rate lock expiration; rates are going to stay low for a while.

When this turns around, you’re easily in the blackIf you get a loan, i imagine the cash you save will provide ample liquidity to cover a significant period of no incomeUltimately the question is twofold...can you cover the holding costs on an otherwise solid deal (assuming it was truly solid) until things improve?

As I said, you can get a HELOC not as a private client, but pay a little more, and as I recall, somewhere around 1/2% to 3/4% back in 2014.Normally, the first 10 years in the life of the HELOC is interest only, and interest plus principal beyond that up to 20 years or so, and you'll have to pay off the principal at expiration.