As mentioned, while the Corona Virus is the primary news with a lot of unknowns around it, service sector workers will be effected, but I think it will bounce back once people are free to leave their houses, and actually booming for a few weeks after lockdowns are relaxed.  

@Suzanne Player I’d be happy to share some information and tools with you to give you a kick start on CRE journey.The good news is that it’s not brain surgery and knowable with the right information.Send me a DM and I will send you a starter kit.

For now rates are dropping and will open up access to more expensive properties for some.

The extent to which consumers and especially financial news media (who should REALLY know better by now) mistakenly believe the fallacy of the Fed dictating mortgage rates is truly unfortunate. ...is overlooking something big. 

I'm looking to at least get locked into a low rate for the first year so that's excellent news.

(apologies if this is already posted elsewhere)https://www.car.org/aboutus/mediacenter/news/covidformcva?

That’s great news!

What can I do to drop that loan under $200k to eliminate any personal guarantees?

Even before the pandemic, rates were dropping to unsustainably low levels, in my opinion, and it was hard to foresee anything but a shakeout.

There will be an IRS news release if they change filing deadlines.