We are also moving towards a larger cash position in order to weather the coming storm.I do not think a "bubble" is coming from the mortgage or property sector this time but from the $1.6 trillion dollars in government backed student debt which is already up to a 15% default rate.

Actually the banks have proven they don't care, but the Federal Government does care and they force the banks to notify them on any transaction over $10,000.

Books: The Theory of Money and Credit by Ludwig von Miseshttps://cdn.mises.org/Theory%20of%20Money%20and%20Credit.pdfMoney, Bank Credit, and Economic Cycles by Jesus Huerta de Sotohttps://cdn.mises.org/Money_Bank_Credit_and_Economic_Cycles_De%20Soto.pdfA History of Money and Banking In the United States by Murray Rothbardhttps://cdn.mises.org/History%20of%20Money%20and%20Banking%20in%20the%20United%20States%20The%20Colonial%20Era%20to%20World%20War%20II_2.pdfWhat Has Government Done to Our Money by Murray Rothbardhttps://cdn.mises.org/What%20Has%20Government%20Done%20to%20Our%20Money_3.pdfThe Ethics of Money Production by Jorg Guido Hulsmannhttps://cdn.mises.org/The%20Ethics%20of%20Money%20Production_2.pdfVideos:Mises on Moneyhttps://www.youtube.com/watch?

Banks are easy to work with, and maybe back in the stone ages they took two years (15'-16') but federal rules require them to be decisioned in 30 days now.

It seems like it could save the government money they only negatives I see is it could open up fair housing concerns and cost for the automation but could be outweighed with reduced calls. . 

COVID has wreaked havoc in everyone's lives and to help with the impact our government has placed programs to help homeowners get through this pandemic.

Do you know of any federal or state grants or Gov't backed loans?

Many people below the federal income threshold are getting a bonus unemployment of $600/week that expires at the end of July.We had a woman apply saying she was getting $750 per week of unemployment which appears to meet our income requirements. 

Rising costs and regulatory burdens at all levels of government depress apartment development and rehabilitation nationwide.

I would imagine your management company's agreement with you states something to the effect of, you agree to operate the property in accordance to local, state and federal laws.