It’s kind of a gamble but I guess you can make an educated bet based on the market, supply/demand, and the quality of management.If you didn’t do that then I do think they’re due back their deposit.On the positive side, it sounds like you have a nice property in a popular area if it rented that quick..Best of luck! 

Just want to get others opinions and thoughts.Stay safe and healthy.Thanks,

This is only if you're using the safe harbor related to the QBI deduction which is honestly- one of the stupidest things to be released. 

In an effort to provide some information for long term buy and hold investors to be more prepared, please see below:Happening Nationally:Tenants have refused to leave at the end of their lease siting uncertainty and high risk of virus.Tenants (apparently even with strong renter history) are stating the virus has impacted their income and are not able to pay rent, are asking for lenience.Vendors are less responsive to non-emergent maintenance due to fear of employees becoming sick.Property Managers have chosen to be less responsive to non-urgent maintenance requests from tenants to keep their team safe, similar to vendors.Showings have decreased or have been cancelled due to the fear of being in public buildings or other people’s homes, which might impact vacancy if this is longer term.Occupied unit showings have ceased for the protection of the tenant in place, the showing agent, and the prospective tenant.Some management offices are closing and requesting rent be paid in a different manner than visiting the office.Occupied unit inspections have been paused, unless deemed emergent.Be Prepared:Think through how you will handle some of these situations in advance and write our a process for it.Handle them consistently and do not favor one tenant over another.Be proactive and prepared so you can act unemotionally and with fairness for all.Be a Leader:Now is the time to show your team (vendors and tenants) that you value their health as much as you do your own.

I literally became Poor Dad, and became a teacher as a safe way to live. 

If they can only swing $600 right now, OK, but we better have a payment plan set up to cover the remaining $400.I bet a lot of the people saying they can't pay rent right now are going to be paying their cable TV and iPhone bills as they know those services will get turned off by the provider.

I'm not a fan on betting on a loser

This is the right time to set up in a market that you can grow and develop for the rest of the year while providing a return that buyers can feel safe about, if you really think about it, this moment will set up some of the worlds next real estate millionaires.

Thank you again for the advice here, I bet you have more experience than I do (first commercial loan here) 

Hope everyone is safe and healthy out there.