Refinancing will lower my payment by about $130 per month with $40 of the decrease in lower interest payments and the rest from extending out the term of the loan.

But I can't stress enough: network with local investors, property managers and such.

When directors or shareholders or regulators demand a decrease in risk, exposure to investment properties are a logical place to start.... which is another reason I doubled down on mortgaging everything I can (meaning, not HELOCs - actual mortgages) and building a bond arbitrage portfolio so money that I'm not using is earning about the same amount at the mortgage interest is costing me. 

Instead, your PM sent it out with no express deadline or consequence and now she's spending time chasing the tenant down, increasing her workload and your stress level.Tell your PM to put her shoes on, get in the car, and go visit the property.

My brain has gone into crisis mode, and even with meditation, there are too many ideas/stress swirling around I cannot sort them out.

You should stress that rent is still due and you're able to help her come up with a plan to pay at least a portion of it.

If having the mortgages out is causing you stress each month, there is value in paying them down. 

What if they exercise their option to buy after the first 3 months (and it takes an additional 2 months to close), am I screwed because now I decreased the purchase price by 1200 (assuming $100 monthly credit that I deduct from purchase price) but they only paid 500.

Demand for downtown office space and parking will likely see a significant decrease as companies lay off more staff and realize that the office employees can work from home.We have already seen the trend in Calgary where office vacancies were hovering around 25% due to the decline in oil investment, corporate downsizing and companies re-locating their HQ out of AB and this was all happening before the prices crashed to $20 a barrel and when people were still commuting to work together in an office.

It is currently a good hedge as the marijuana business is booming during Covid Crisis (essential services like a pharmacy) and a property with no  bank loan and NNN tenant is very little stress.