Don't make that same mistake, but also don't let enthusiasm cause a fatal error right out of the gate. 

. - LTV’s are decreasing (Higher Down Payment)- DCR’s are increasing (Higher Equity in the Property)- Lenders are requiring up to 12 months cash reserves in operating expenses at closing- Interest rates are currently down- Net Worth requirements are increasing- Rate Locking for loans is being pushed back further and further in the closing process causing an unsettling of knowledge on whether the deal will make sense or not2.

Lots of things cause this- Often certain tax credits the IRS takes longer to process if they're refundable. 

I immediately contacted the neighbor on the lot over whom I've known 20 years and she said she has "seen some things, but they are not harmful".So this leads to my question of what would you do in my position. 

To spray roundup on a standing crop beyond the label causes harm to the crop, and is breaking federal and state law.

The biggest difference for us real estate investors is that 2008's crisis was caused by real estate. 

I can say that they seemed to be this way for the most part.I have now closed on the property and while reviewing the files I read some communication between the previous owner and one of the residents that may be cause for concern.

If that happens, and you can act within that window to lock in a low fixed rate on a discounted property, it may be one heck of an opportunity (I'm thinking that's a few months out depending whether we have a second wave of COVID, and it might very well be location-specific, proportionate to the degree of economic carnage caused by COVID).

I also understand the COVID will likely cause lenders to be more conservative than normalThanks in advance, 

Just a general lack of demand caused by general conditions.