So I have a dilemma, that I feel it is a good consideration with my neighbor and also good business.

I would recommend Shaker Heights, Cleveland Heights, Euclid, Kamms Corners, Parma, Garfield Heights and maybe some select parts of Cleveland depending on what you are looking for. 

.- I'm interested to see if this will be a temporary shift, or a long term impact that could take years/decades to come back to 2019 heights? 

If the never-used bathroom fixtures can’t be salvaged, they may have to be smashed, at considerable risk to workers.

I would recommend that you strongly take this into consideration for ease of liquidation in the future.

I am working to 1) ReFi our rental for cash out (on both mine and my wife's name) 2) purchase short term rental (seller financed) 3) purchase an apartment building. How does the lending and escrow process work on mult...

I'm local here in Vegas, run an investor network here, and can help you understand the the local considerations to take into account concerning you starting to invest. 

Don't just look at the financial side of things, try to take plenty of other criteria into consideration before you decide if/when/how you want to jump into it.

My considerations are: 1.

In addition to previously stated issues (insurance, liability, etc.) depending on the state of your rental property, there may be state statutes against required tenant work without written consideration.