I am also a US Veteran and I have Navy Federal Credit Union and I can get 💯 financing for my property the problem is I have to be the only one living their.

There will be a lot of people in differing amounts of bad situations (shades of grey).Some will be fine, some will be in very bad circumstances.And those who are bad now may be OK next month, or worse off next month.There is no way to tell.Every renter is different, and will handle the situation differently, the same as every owner is different and will handle it differently.At a minimum, addressing the food issue with a recommendation to look online for COUNTY NAME FOOD ASSISTANCE.As for the rents, you will have to make some business decisions (as well as humanitarian decisions if that is within your personality) depending upon what you are presented with.Hopefully this thing is over soon, and President Trump has declared Disaster Areas for the hardest hit places, and Federal Financial Aid has been OKed also.Sometimes you can run forward quickly, and sometimes you just have to run in place--both take the same amount of energy.Good Luck!

If you turn down long term reservations because you are worried about having to evict a guest that turns into a tenant - you need to stop acting out of fear. 

Reserves are covered in case of an emergency.

So if you do choose to get something now, be sure you have the cash reserves to float it for a couple months.

I see @Tim Herman's point but with a $135k renovation I imagine you will do a lot of the CAPEX (Roof, HVAC, Hot Water heaters) during the renovation which would allow you to set aside enough reserves for future issues.

And, to answer your question, it is a federal benefit program.

Unfortunately, 75% (give or take 10%) of properties aren't owned by institutional investors, they are owned by small investors (<50 doors portfolio) that can be severely impacted by rent strikes, even with reserves in place. 

I increased my repairs and maintenance to 10% of the income, added a replacement reserve, increased the contracts & payroll, increased the management fee.

It’s really not a bad thing for us to get both, we just didn’t really want to burn through all of our cash reserves in the current economic situation or in the event we had unforeseeable expenses on one of the houses.I heard Tarl on the BP show on Thursday mention that he has gone back after getting an offer accepted and is telling the seller due to the current economic changes he is lowering his offers.What would you do if you had two good deals on the table at the same time with one that had been a backup deal for a couple of weeks with no response?