Normally they have a small impact on your FICO.

This won't have much impact on the property value, unfortunately, since it's only a 4-unit.

If so, have you gotten any feed back or noticed that it has made an impact in your investing either positive or negative?

Lowest impact change just reset the mortgage to the 80k over 30....boost your return that way and it’s not real aggressive.Paying the penalty is way too big a hit for a property he already has performing wellthough there are some Covid driven exceptions to the penalty now.But you really don’t gain much by paying it off, and you lose a lot.

Let’s see;Market Headwinds :1) High unemployment 2) Rising foreclosures 3) Tighter lending standards 4) Devastating impact on single economy cities (college towns, theme park towns, oil towns, resort towns etc)Market Tailwinds :1) Stable banking system2) Functioning mortgage market 3) New household formations - Millennials 4) Strong lending standards practiced post 2008 crash5) Liquidity Liquidity Liquidity - 6 Trillion printed!

Today cases continue to rise, hospitals appears to be overwhelmed, small businesses appear to be closing left and right and we are having second thoughts as to whether we should continue or back out.I have been researching and running numbers for several months now, funding is in place and we are ready to roll but am unsure if I am falling into analysis paralysis x10 with the current situation or if I am being realistic in thinking this could extend so far out that by the time we are complete with construction the crisis would have impacted real estate so drastically that our estimates will be irrelevant (considering we already run conservative estimates).

It is not supposed to have a negative impact on credit, but obviously an investor claiming he can't pay the current debt isn't going to be given more, at least in the short term. 

Fortunately, COVID did not impact the employment of either tenant.

I am a military spouse and knowing that every few years we move or so has had a great impact on how I invest in an area.

I asked about Mortgage insurance...In regards to the insurance question my lender then stated, " For a VA loan there is ONLY an up front cost of 2.15% of the purchase price, which is added to the loan amount and does not impact your cash to close."