So honestly I was hoping that someone here had taken advantage of this before, and could advise. 

We wouldn’t be good businesspeople if we didn’t try to take advantage of that and recoup our current loses.

I would figure out an asset class or location that gives you a unique advantage, www.adventuresincre.com is a great resource for modeling among others

So I would like to take advantage of that.

That capital basically becomes illiquid as long as the loan is outstanding, I'm not sure I see any advantage over cash. 

I would take advantage of the cozy.com website for property management and even google different examples for tenant lease contracts. 

I have already been taken advantage of to the tune Of around $20,000.

However, in your county and state (like many places across the country right now), there’s currently a moratorium on evictions.I’m sure this “professional tenant” knows that and is going to take full advantage. 

I just joined BP and have very little knowledge on how to take advantage of this great resource.

I know from reading there are a lot of companies that take advantage of people all the time and I am trying not to be one of them.