If the issues are not life/safety type problems, you can tell them to bug off, and normally don't have even return their deposit or rent. 

To be conservative, I've assumed about $650/mo.Rents: In a normal world I think rent should total $4,000/mo.

For the next month or two or whatever time we as a society need to transition to a new normal, to overcome this initial fear, I'm in favor of keeping everyone in place.Regardless of how borrowers have acted in the past, they are still human beings and we all need to stick together, practice social distancing to "flatten the curve" until things settle down.

@Adam Philpot A person buys on a less than 6% cap rate for a few reasons. 1) they have a 1031 exchange and are putting down 30-50% of the purchase price 2) are doing a value add to push it over 6% cap rate 3) are buying because appreciation is faster than normal (Santa Monica in CA).

Always super interesting to get the lender view & the agent view @Russell Brazil & @Guifre Mora :)I was trying to understand if this was normal process.

(Maybe these are normal first time buyer nerves, and I just want someone to tell me it's going to be okay (or not okay). 

When I was buying like you, I always ran properties by the customer service desk at my title company but I've been told that that's not normal for most of the rest of the country.I would get an O&E report, which costs about a hundred bucks.

So I wouldn't necessarily expect labor costs to go down in the Summer because contractors could be busier than ever (if things get back to normal).However, if this thing continues to escalate, a lot of people could be looking for work which you might see some benefit of that...but I wouldn't count on it...Hard to say, unprecedented times!

This will reduce their sense of panic.Between these two options you may have 2 months of cash flow which hopefully will get us to a new normal and you take stock then.Push someone’s “fight or flight” instinct right now and the “flight” is likely to be 3-4 months of no pay.Remind them that a lot of people will be asking for relief and you would like to do your part in this unprecedented event.

With this much volatility in the market I would recommend waiting until volatility gets back to a normal range.