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.

I understand the 10 loan restrictions for Fannie Mae / Freddie Mac as it relates to home purchases & refinance options. 

Since most lenders in the area have tightened up their underwriting due to both market uncertainty and restrictions on construction cash is king now more than ever. 

In todays market and building codes/restrictions on gas station my guess is it would've cost him $200-300k just to build it.