While I don't expect this to have an immediate negative impact on the Seattle market, it will create a drag over time as these high wage earners move to the surrounding cities. 

This will have a major impact on that submarket for sure. https://www.statesman.com/business/20200811/tech-giant-bae-systems-plans-new-150m-campus-in-austin?

I would love to hear the opinions of both 1099 and salary-based employees about how income impacts your personal investment plans and strategies. 

The state of PA offers funds to tenants who qualify due to the impact of the pandemic.

That’s a fine personal goal to have, but shouldn’t impact your REI investment strategy since the inputs you have and can control are time and cash.

How do you think this will impact your rents? 

This will impact the neighboring states for quality life and lower cost of living.

I'm wondering how COVID-19 is impacting the rental markets since so many Universities are doing distance learning this year?

@Marcus I.Keep in mind that in order to take a distribution or loan under the CARES Act you must have been impacted by the virus in one of the enumerated ways & your current account provider must allow you to take a CARES Act distribution or loan.

Check out the following article (and watch the video): https://www.yahoo.com/finance/...They report some of the first hard data on the direct (and indirect) impact of COVID-19 on NYC real estate.