I totally agree with @David de Luna feelings of frustration and uncertainty tend to occur in relation to inadequate basic needs and monetary problems during this crisis.

One play we like that brings the economics in line is doing a tear-down and building a primary and accessory dwelling unit on one lot.

I know it will be a crisis in 2021 with the decline in travel from COVID on the large number of families losing work that are in the restaurant and tourism industries (not to mention likely upcoming COVID baby boom). 

Buying investment property now:I'm sitting on a modest amount of capital and am eager to get into the game via either another affordable single family, or a multi-family, ideally in the Coventry/WW/Warwick area as I'm most familiar with them.As with any investment, I know that timing the market can be a fool's game, however, one cannot ignore the extremely high valuations combined with economic prospects and a potential wave of evictions coming.If you were to start over in this area, would you jump in now, given the current circumstances, or wait and see what the next few months hold?

You also get a bigger bang for your buck: Spending $100,000 in capital infrastructure on a C or D Class property could have a much higher economic impact, and not only for your own pockets.Converting dilapidated and unused spaces into affordable homes or businesses that offer useful services can benefit the macro-economy, and in my experience, the results trickle back to us.

The stimulus has ended and unemployment is over 10% and looks like it will stay there, so underwrite for higher economic vacancy and flat or declining rents.

Knowing the economic climate is certainly helpful with making a decision! 

Nutshell reason is family, otherwise I would move somewhere more economical for myself and profession.In doing some reading and research a comment that has stuck with me is, "if you can't afford to live in an area or neighborhood you want to live in, due to high cost, then consider purchasing a rental property in a lower cost area or neighborhood."

Please note that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.

I always use the following for my Phase 1; Enough units at 65% economic occupancy to cover all costs (land, fence, security, roads, dirt work, (bank note P/I on 20 year amort), plus Property Tax, Insurance, maintenance, electric, etc.