That way I could more easily see the impact of me living in one, versus just buying it as an investment and not living there. 

Finishing new personal residence HELOC and no impact here. 

STEP 2: Ask for proof of being impacted by coronavirus (job termination, hours cut, etc.).

Gotcha - Appreciate that input Daniel.Interesting that it seems to not have had too much of an impact, but instead maybe help you see some of the problem tenants more clearly. 

These two things will have a long term impact on housing appreciation and rent rates.

Where I can see this having a big accounting impact is on cost segregation, documentation of that and carry forward in an exchange.  

If not, then no worries;  this is a a well trod path and you can safeguard yourself to minimize the financial impact.

Having a mortgage will impact your debt/income ratio which is what they typically look at for home loans.

There's very little inventory where I am (Charlotte NC), and some pent up demand from the quarantine so prices and demand are still high... but I can't help but worry that the unemployment numbers here (as well as everywhere in the country) will impact real estate over the next 6-12 months as foreclosures skyrocket.  

When applying, I would recommend addressing directly in your business plan how the pandemic is expected to impact your chosen business rather then leaving that for the underwriter / loan committee to speculate on.