If you don't defer, you have X cash reserve, and then you lose your job in 11 months, what do you do? 

@Jacob SampsonAnd many other obvious reasons pertaining too was going on in the worldPossible recession,people not paying rent ,losing jobs etc I know house values have not gone down yet

@Steve Korn I mean you just lose more of the equity in your house and destroy your credit for no reason, if you were going to do that just sell the house and get the money and keep your credit intact.

I do understand that a 2.6% interest rate is much better than a 4.5% interest rate, however my reasons for considering this is in the event I lose my job or some other financial calamity that may occur.

“But if people lose their jobs and those jobs aren’t there when the shelter-in-place lifts, then the moratoriums could be pushing off the inevitable.”Locals who depend on the limited affordable housing options and below market-rate housing will be most negatively impacted, Warnock said.

You can lose your job, get high CC balances or say a lot of stupid things to the lender that will give them second thoughts to lend to you.

Of course anyone who lives paycheck to paycheck who loses their job will struggle, however the government is supplementing the unemployment by so much that low income folks won’t end up having a reduction of income once unemployment kicks in.  

I have contractors scheduled to start the 6th of April with the intent of bringing the value of the property to the value of the exchanged property, to not lose any taxes.

Tenants who have been approved for unemployment are automatically authorized Section 8 vouchers with online verificationAt the end of the year landlords will receive a 1099-MISC for each property for the amount of rent received which is totally subject to depreciation.At the end of the year tenants will receive a 1099-MISC for the amount of rent paid on their behalf and subject to their tax bracket.This can all be set up online, is totally verifiable, and efficient.When you no longer qualify for unemployment, you lose your section 8 and landlords only qualify for rentals that have unemployed tenants and not those with the ability to pay.Again this can all be done online and is simple for both the Landlord and Tenant to understand.It is also the correct way to do it by the Internal Revenue Code.This SBA Loan program is a complete sham and is being run by the BANKS under guise of the DEPT OF TREASURY.I would get a lawyer opinion before I would do this, because not only are you going to go bankrupt you are going to wind up dealing with the bank secrecy act and treasury regulations in addition to the IRC.WARNING LANDLORDS YOU ARE PLAYING WITH FIRE IF YOU GO THIS ROUTE. 

Or should I just take my lose for a couple of month to wait to  Evict them.thanks