So I initially need the money to pay for these holding costs, but if the ARV comes in high enough I can potentially get my money back immediately from the refinance (seeing as though I can pay off the lender in full first) and possibly even net some extra.

That may be an option but unfortunately you’re adding a lot of extra interest to your overall loan value.

With extra time on your hands, I would call as many lending institutions as possible, focusing on the smaller Credit unions and local community banks as a starting point.

Is the time, red tape, and extra cost worth converting to a duplex instead of getting a permitted ADU?

-You need to pay a little extra monthly for MIP-You only need to put 3.5% down-You still must pay closing costs-Legally you must live there for 1 yearMaybe an example with numbers will help you get an idea of the cash amount you must still have.

Since I’m new to this, I am not sure how to proceed as I have two issues.. 1) tenant strength is different vs when I agreed to this deal a few months ago2) it’s impossible to do tenant interviews, inspection, etc given current conditionsI had my lawyer draft a extension addendum and seller agreed to a 15 day extension, but it’s such a short period extra and doesn’t address the tenant strength issue I am facing.

Hi Justin,I think what some perceive as "Extra Money" being injected into the economy is really going to be "Replacement Money" for foregone wages from the Virus Situation.Here's how I think of it (three illustrations):Begging Hobo Bob.  

It should have been specified that they STILL NEEDED TO PAY RENT to avoid the confusion for tenants and extra work for landlords to have to explain this.  

(about $20 extra).

Here’s the thing the “extra bedroom” is quite smaller compared to the others and doesn’t have electrical outlets on the wall.