Rents don't break $1000/month unless it's a 3/2 with  +/- 1500+sf .  

I took out hard money for both of them and don't want to get stuck paying my high interest rates for however long this "break" in the market takes.Any advice on how/if I can get a loan (SBA or another) for a lower interest rate in order to pay back my lenders?

Life happens and tenants lose their jobs, they break up, get divorced, have kids and need bigger places, can't afford the current place, or whatever....and then they just move.

Last bit, if something looks really bad that I notice during showings, I’ll schedule a time that week to get it fixed while the current tenant is in place (as long as I feel the tenant won’t re-break it in that time).Good luck, -justin

@Joe VilleneuveWow, a great way to break it down. 

Once again thank you for sharing and breaking down the details.

The reason is most people to live there is a break even point just like owning a business.

Along slightly different lines, in college I had to break a lease agreement well before ever moving in and it costed me $500.

Unless the existing system is near a body of water and pollutes a lot.Maybe connecting to the existing sewer would be cheaper anyways assuming that you can and its economically feasible.

But I also like to trust numbers and feel a deal is a deal and I don't think the seller will go any further down in price regardless of the outcome of the virus as I know what they paid for it and roughly how much money in renovations they spent and with our current offer they will hardly break even.