We originally used the original loan to maintain payroll and other business expenses during 2020.

This can be risky but if it's a newer home or one that's obviously been well maintained and you've checked the permits to determine the age of the larger components (roof, plumbing, etc.) it might be worth the risk to get in the game. 

You'd be able to maintain your current property as a rental, giving you the true landlord experience and providing some cashflow.

If you buy a single family home with a lawn, look at costs to mow the lawn-you can include that in the rent (and charge a slightly higher rent) and then you don't have to worry about the tenant maintaining the lawn.

@Brian GarrettI would say light value add.The buildings are good quality and have been well-maintained so there are not many major issues to address.

I am still wanting to maintain an 50/50 stake in equity of the partnership.

If maintaining it as an SRO, that's fine, just be prepared for one heck of a management headache. 

I would suggest to maintain it rather involving in your real estate business, since you don't have enough knowledge.

If that happened to me, I'd never consider that property again once safe to travel without quarantine.I also maintain less strict cancellation policies, and haven't been burned.

The land does not have any improvements, but it is within a POA (private gated community, maintained interior roads), with power at the premises.Thanks!