I have no debt, solid credit, and a decent cash reserve.The vacation rental is tax assessed at $700k ($600k land, $100k house).

The greatest value I bring to an investment is my ability to put elbow grease into a work in progress, those words steal my chance to contribute...Anyways, how you all are keeping sane during this time. 

It is still a work in progress!

I expected responses like this, and I disagree with your assessment.

Direct lenders, bankers, brokers, brick-and-mortar, call center, internet lender, whatever, no difference right now, anyone can catch the 'rona (and/or it's impact on a particular loan file in progress).

Will keep this thread updated as things progress. 

Therefore, the Cap Rate is critical to assessing the valuation of commercial properties and is fairly meaningless in single family.Cash-on-cash return in single family is more equivalent to Internal Rate of Return (IRR) in commercial

I would sit on the cash for the time being, and assess various investment opportunities. 

I hope to see your progress transpire here on BIggerpockets as we both continue on this journey!

And then there is the $1200 (I won't be getting a check)Besides you signal to the progressive public that rents are too high.