@Michael Ohara I have noticed that loan restrictions are tightening up this week with larger institutions like CHASE and BofA. 

Does the fact that I would be using it to purchase notes change rules/applicability/restrictions compared to other RE uses (mortgages, HML, etc)?

I know we can expect most traditional lending restrictions to tighten (as JP Morgan just did) but could not find much info on how FHA changes, onlu that in the last recession they raised the PMI rate.Basically, I want to know if:A.

Are you tightening restrictions, worried about overleveraged investors in your current portfolio?

I suspect when the quarantine ends and the held-back housing supply hits the market we'll see a dip in prices in the 2 to 4 months after that time... though there are a lot of factors that come into play that will dictate the actual outcome. (...consumer confidence, interest rates, local job growth, net population growth/loss, government restrictions, savings depletion, stock market growth, etc).

So it will restrict that person from qualifying from future things.  

Any zoning restrictions?

It's the retail centers with mom and pop to regional credit where lenders are lowering LTV's,imposing hefty reserves,etc.

There’s simply too many opportunities out there.I like college towns with older stock and construction restrictions, state capitols, and Queen city’s.

Most conventional lenders will likely follow suit with similar restrictions.