At this point it truly unknown how long this "shut down" will continue because of the virus.

The path and duration of economic recovery is unknown.

These are unknown times. 

you need to be talking to a local contractor not the internet.to many un knowns.

@Elena CaseyGood on ya for making the move.I’m not sure when that paralysis stops; there are always some unknowns and you did your analysis and came out positive.I bought my first SFR at an online auction!

Development is something that scares off a lot of great real estate investors because of the unknowns and the complexity of the different phases.

There are too many unknowns to get excited and think that its going to be a free for all and that you cant make mistakes.

@Tommy Chan maybe just the fear of the unknown.

Plan is to partner with a few folks for the downpayment/liquidity requirement (planning on a hard money loan).All properties in the DC market, so rents should not soften too much due to federal government as main employer (one hopes), but I still want to stay on the conservative side given the unknown economic impacts of COVID-19.

I'm not saying it's 100% not advisable, but there is already so much to go through just investing locally, and going out of state adds a lot of extra research/stressors/unknowns on top of that.