Wholesalers add no value to the real estate world... you tie up a sellers property asking unrealistic prices, your sales do not hit the MLS so you do not boost values in an area and most are uneducated hacks. 

@Christopher Alvarez hi Chris, i have been investing in the central CT area since 2012 and have had a really good and successful run there. i invest primarily in new britain and am focusing on small multi-families there. with the abundance of those types of properties, i would recommend staying away from single families. it just does not make sense. your cash flow with be dramatically increased with a multi. i highly recommend new britain. the current mayor is doing big things for the town and if you can get with someone that knows the area, down to the street, you can really find great properties in good neighborhoods. happy to help you in any way that i can. i have a great agent in that area that owns his own properties too. i have contractor contacts, attorneys, etc. let me know!

I think he was being dramatic.  40% taxes would drive away all investors and would certainly not have political support. 

I want to refinance with a personal mortgage  to boost our monthly income.  

Perhaps you'll even find some kind of financial relief or incentives near you, if the course of this virus does unfold in a more dramatic fashion than we can currently anticipate.

Or it's the other way around and the community will boost the price and demand for nearby houses?

House 1 is $325k and I would live in the house as I fix it up in hopes to get a cash out refinance after a few year to buy a different rentalHouse 2 I would convert the back garage into a 1 bedroom apartment and rent it out to lower my mortgage dramatically.

I personally took some steps to boost my liquidity a few weeks ago, and I'm glad that I did.

Best bet is to talk to some site work contractors in your area as those costs have risen dramatically lately.A lot depends on the land itself in terms of topography, timber, rock etc.

Obviously, the companies will try to boost up the rental to entice you to choose them as they indicate they can get this rent; however, I've had analysis done with separate companies both came back with similar figures ~$2100/month rental (they have not performed an in-depth analysis just based on location etc).