The cost of the house he tries to buy will impact the answer.

I began out of state investing in Rochester NY in 2004 and soon discovered that even carefully crafted cash flow projections seldom capture the full impact of the repairs/maintenance you will incur, especially in the upper Midwest (Toledo, Cleveland, Buffalo, Rochester, Erie) where the winters can be absolutely brutal. 

But these things do not directly impact housing prices. 

If I depreciate property value on my tax return to deduct my net income, will that impact my mortgage borrowing power?

With the impact of COVID-19, I am now starting to question a flat fee selling commission vs the traditional MLS 4.5% to 6% real estate commission process.

I would try to segregate the expenses as operational cost as much as possible to create the rental schedule E loss rather than decrease schedule D gain for a better tax impact. 

The Class A development should not have a negative impact on your project.

However, if all 922 were foreclosed, what would be the impact?

Overall, this virus has impacted the timing of payments but I think we'll get through it fine.

Would you say impact fees (which are now exempt according to the new laws you mentioned) are a big chunk of the overall permit expense?