The 5 Least Impacted Markets:5.

Only operational expenses and those impacted by covid.

I was a chef pre COVID-19 and since my industry has been impacted so hard, I would love to work in another industry that I have a passion for.

I'm assuming it would have a pretty hard impact on the price you can charge for rent as most people prefer not to be responsible.

The architect should have contacts to help with this if they are experienced in this product type.Fees: Consult your local jurisdiction to find out what the development impact fees and permit fees for your project will be.

Depending on the who is responsible for utility costs impacts the amount. 

@Greg Issacs doing a cash out refinance has no impact on your capital gains.

I still think it's too soon to know how much of an impact covid is going to have on the market. 

Student housing property values have been appreciating like crazy the past 5 years, and the impact of Covid-19 might bring some good opportunities to purchase from distressed sellers in need of some quick cash to cover their own financial issues due to the pandemic. 

I'd really be interested in more discussions about the impact of COVID-19 to the many many submarkets in Philly, but that might be for another thread.