Side note, the tenants Dad has been paying the rent for the past year, he also forked up the security deposit, so I feel like they have no nose in the game at this point.  

Research the protected classes in reference to fair housing- any questions you want to ask that don't reference those classes is fair game. 

So I warned that landlords of working class tenants better build up cash reserves.Our game plan, when the tenants cannot pay, is to carry them, and have them pay 110% every month, once they're able to get back to work, understanding that if the lockdown lasts three months, it may take them two to three years to get back into good standing. 

Let me start off with I am completely new to the real estate game.

Obviously, rates are trending downward, and I'm not trying to game the situation.  

@Grant GreeneWhat’s your end game here Grant?

I don't believe it's happened here (yet), but I've read in various places that evictions may be halted during this time, so I'd rather get a game-plan in place on how how to work with our tenants during this crazy time. 

It doesn't sound like you are going to have any "skin" in the game, so basically you are a General Contractor?

This is not a game of trying to figure out how to make a dollar today or where opportunity lies tomorrow.

The biggest mistake I made during the last down turn was not noticing the game had changed.