@Ronan Donnelly had a lot of great detail in his response, but to drill in one level deeper – if you look at who is being hit hardest from the various shutdowns, it's lower-wage workers like restaurant employees, small retail, etc...

But that has been tough finding a renter to commit. 

That's tough for any lender to do, and so if there's an expectation for awesome rates and 80% rate/term on 4 unit investment, it's unrealistic for the markets right now. 

and nice last name ;)Sounds like there's a lot of interest for a meetup to start back up, but it's tough for anyone in the field to start any in-person events due to restrictions.

If you don't get your trades working on time and it extends your build time, that can be tough on your financing if you go that route.Seems to be a shortage of multi these days, so you might could make some decent cash building 2x or 4x in areas like Krum, Sanger, Aubrey, Cross Roads, Collinsville, Gainsville, Valley View, etc.

Sorry if i am posting in a dated thread but i agree with @Joel Owens tough to combine comparisonIn my opinion this is just a stronger punch to retail than what was already coming.

Otherwise, you may end up with a tough building in a tough area without the tax benefits.

It's tough being a successful agent, it really is, I don't know how people come into it with 0 background and make it, and most don't. 

Plus if times get tough or unexpected expenses pop up, you can pay interest only on the HELOC.

Come up with a number of $/unit/year and use that + 5% (inflation).If you don't have books, then it really tough since a property may be old/new, high turnover, existing poor design, etc.