This is why we have been lowering rates and printing money, to prevent this exact event from occuring. 

Along with that, reducing rates to almost zero may weaken the impact of future monetary stimulus when the economy actually goes through a period recession.What do you all think? 

This has driven SFR rental demand, increased rents, and reduced vacancy periods. 

Tell them there will need to be a payment plan for the reduced rent.

Maybe try and do better pre-screening and reduce the tire kickers or expand the open house time and reduce how many people are in the house at once.

They will need money for their other bills-though eating out and shopping (except online) will be reduced. 

I have a preapproval already and have described the property with repairs I know it needs from my exterior walk through to my lender asking if she thought those issues would prevent a loan on the property or if I might need to put more down.

We're trying to prevent move-outs right now and want to prevent evictions.  

Since you did a big rehab your monthly costs should be reduced and increased as the property get older. 110K rehab you would not need CapEx reserves in the initial years.

Are you still planning on paying 8%....does this mean you will reduce your target payout?