Consult a local Canadian tax pro so you understand all the tax impacts of any arrangement that is more complicated than a simple sale.

Here's the link: https://www.businessinsider.com/scott-galloway-predicts-colleges-will-close-due-to-pandemic-2020-5Despite being strong in the medical and educational fields, I fear that the current situation will impact it, thus in turn, affect the market.

Undercapitalization is going to impact more investors than anything else during this crisis. 

Before I accept the Sba loan I want to know if this will negatively impact my ability to do the cash out.

It's important to know what part of REI interests you, but also where you can make the most impact for someone else.

Ditto everything Lance said, with one more consideration.These distributions are specifically for COVID-19 relief, and the requirements note that you need to be impacted seriously...loss of employment, covid19 diagnosis to you or your spouse/dependent, or other adverse financial impacts.

Even though it will not impact your score the lenders will see it and I’ve heard will not lend in the future for 2-4 years.  

Does anyone predict that there will be a significant impact on the market especially when it comes to rental rates on single family residential housing in the areas of Olympia and Tacoma?

That could significantly impact the market. 

We may have to cut back similarly to many of our tenants to reduce the impact to our reserves (actually not that similarly, instead or a dozen vacations we may need to settle for half a dozen vacations - such sacrifice (sarcasm on the sacrifice part - I realize that we are fortunate)).Good luck, stay safe.