In your case, if you are using just your own cash, you can take advantage of the "delayed financing exception" to pull cash out and put a mortgage on the property right away. 

you're asking for the delayed finance exception. you have to wait 6 months to get a refi based on full LTV without the purchase price cap.

I can not find any such statement from the governor except an eviction moritorium while the crisis persists.   

I understand this "change of payment method" is frowned upon in the industry but given the current circumstance I am wondering how many people are having to go through similar situation?

However in this situation with these being OOS properties, a turnkey provider, and quite an unprecedented world circumstance I am not inclined to try and work this out with each tenant on an individual basis. 

(Right now, we don't hold a lot of cash, so it would be nice to have more of a cushion considering current circumstances).

Giving the circumstances ... just going against the grain right now.

Hey @Jared Comeau,Banks and agencies will definitely want to dig into the circumstances of the bankruptcy.

Yes -the closing costs would be higher except I think our credit union has lower costs and I will look into it.

But if there were extenuating circumstances, like they had eaten asparagus the night before or something like that, I'd consider it.