Yea, it's just that with the changes Macri made and recent denials of some tourists entries, I'd rather not risk it, since if I applied for residency I would want to enter as a tourist first. One immigration agent having a bad day could ruin my life.I have overstayed by 2 months and am now a resident. Don't worry. Overstaying in Argentina is not an offense like in the US or other countries but an administrative infringement subject to a penalty. It has no repercussions per se up to 3 hits. After the 3rd hit you would likely be barred from reentry for a few years -- unless you get a good lawyer I guess haha. Obviously, this is the general rule and some people may get in trouble after 2 overstays and some may be ok after the 3rd time. But one overstay for a few weeks especially in this situation is not gonna have any consequences.
In any case, the current situation is exceptional. Migraciones will not be back anytime soon so this second extension will be prolonged for sure eventually. I suspect that maybe at some point depending on how things develop over the next few weeks -- they will even extend all residencies for 1-3 months for the rest of 2020. Just imagine the backlog that they would have on their hands when they are back!