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."

Also, your track record of experience with the asset class will have significant impact on whether a loan is considered, as well as your ability to negotiate the terms of the loan, so be prepared to demonstrate your experience, or the team you have built around you who has the experience. 

If you were in a small town with a population less than 20K people, then yes decline in population would be extremely detrimental. 

We also have tight construction laws regarding impact to sewer system and lake pollution. 

Here is a brief description of it:Protecting Renters and Preventing EvictionsCancel/ban evictions for rent due from the start of the COVID-19 State of Emergency through 12 months following the end of the State of Emergency, if tenant was unable to pay because of a direct or indirect impact of COVID-19.Provide “Just Cause” protections to ensure tenants and foreclosed homeowners cannot be evicted for no-fault or non-renewal of leases for 12 months following the end of the emergency declaration.Freeze rents at pre-COVID-19 levels; rents as of March 10, 2020 remain in effect through 12 months following the end of the State of Emergency.Provide a local option for municipalities to extend Just Cause protections upon expiration.Provide strong protections against unfair debt-collection activities for tenants impacted by COVID-19.Link to bill description:https://www.repmikeconnolly.or...Link to contact senators: https://malegislature.gov/Bills/191/HD5166

With the second wave of the COVID-19 virus upon us it seems hard to predict how heavy the impact on this industry might be. 

A LEGITIMATE order would have had the simple addition of a person having to provide financial evidence of their inability to pay, of decline in income benefits, and then the amount of rent placed into forbearance status would be of % equaling decline in income due to covid impact.