I'm no expert in the Austin market, @Jerry Stevenson, but I am also in a HCOL area.

What’s the overall future economic outlook?

I think a lot of people prefer long-term leases so you can prevent turnover, but I’d say a large portion of the renter market in SD are people looking to rent a room out of a house because it’s more economical than renting an entire apartment.

No, of course the economic ramifications will fall solely on the property owners.  

As im not an expert in knox market like these other people.

@Alexander Felice is the resident expert in Fayetteville. 

I'd be holding it in cash right now, waiting for the effects of COVID to emerge more clearly economically.  

The effect this could have is a lack of experts involved in your first transaction.

I guess it’s a matter of perspective- world wide even those of us at the bottom of the economic spectrum are blessed.

She needs to consult a tax expert but this is what I believe$250k of the gain is tax free ($500k if married) if she has been living in the home (must have lived in home for at least 2 of the last 5 years)Any gain above $250k is capital gains.