Financial forecasting is an inexact science, you have to make assumptions on income, expenses, timing, exit value, capital structure, etc. and then calculate your IRR. 

Yea, here's tip, when you purchase, try to analyze and forecast long term trend.

CoC doesn’t require an exit to calculate and can be forecasted for each year and continuously monitored and evaluated.

Now that we're about to move all my efforts over to this property since the 1st is complete...my wife and I are nervous to begin to drop that 75k into it, because of the unknown corvid 19/economic forecast.

Best to forecast your numbers for income on the lower side and your expenses on the higher side.I wouldn't assume the HOA would drop since your info is word of mouth and these days HOA's are increasing due to large number of vacant units.

@Tony Wooldridge  2 to 3 times over the summer months in the good flying weathermy days of flying the ILS to minimums in the Willamette valley are over.. so I need a decent day or forecast weather.strictly pleasure. sometime we will spend a night there then fly up to Kalispel and roam around Glacier park for a day then fly home... leave Friday come home Sunday eve.. that type of thing

And that begins the first question of how to manage the parking as someone who can't be there often.There is also the possibility that maybe, I'd forecast still years away, that the property could be redeveloped for a rowhouse like many of the neighboring properties. 

As far as a national level recession forecast, many economists seem to predict around 25% for this year.

I still remember when people were screaming we're going to have hyper-inflation due to the massive printing of USD in 2009. 5 years later, we have lower interest rates compared to then.With the stock market in correction mode in the recent weeks, Janet Yellen has already back-peddled on her QE forecast.

You just need to be able to accurately forecast what building and development will cost and establish a net profit number.