It is what it is and school districts have a substantial impact on property valuation.

Those will impact you the most.

Second, consider how this would impact your family relationship.

How would that impact our financing options for our new home once we find it?

This won’t be impacting my loan at all, but I am curious to know for the future since I am planning to start investing more heavily in syndications and they can often generate passive losses or the income reported does not align with the distributions.

Unfortunately, I was just notified by my employer I'm taking a temporary (5 month) 20% pay reduction because of the impact COVID has has on my industry.

Would the loan impact that LLC?

We haven't really seen the impacts trickle through the real estate market yet, from my perspective.

While there are certainly individuals who are being impacted, and it can be hard to see people going through tough times, this is not a crisis in most rental markets. 

@Joseph Belgrad - credit inquires have a very minimal effect on your score (according to myfico it makes up less than 10% of the score) and that small amount is more than offset by having a proven history of paying XX amount of mortgages on time each and every month.My credit is being pulled routinely and I have not seen a negative impact on my score.