For instance, my wife is a degreed Interior Designer with tons of experience in renovations.

Plus, as stated before, my current company will pay for me to get the degree, as long as I finish within the next 2 years.

With this strategy, you are getting some degree of cash flow day one, which can protect your principal in the event of some downturn in the market.

Statistically speaking, you have a better chance of financial success with a college degree.  

@Luke RunionI don't know what you went to school for but let's say your 4 year degree is in economics and you've been a financial advisor for a year.

I've seen some manufacturing companies do this with their unused space with varying degrees of success.

Then you'll have some degree of payroll costs whether you DIY payroll or outsource to a professional.This strategy yields the best results with a large family real estate business (i.e. an RE business that generates a lot of cleaning and maintenance requirements) and a 14+ year old who has nothing to do during the summer and can work for at least a few hours without supervision.Best of luck.

The degree of impact will depend on the overall economic hit of this pandemic. 

Currently looking at homes that need rehab but still inhabitable to some degree so banks are still willing to loan on them.

I always looked at it as if I am getting a degree.