Probably a DP-2 would suffice, though at a 1.1 million dollar pricetag, you might consider a DP-3, which would cover you to replacement cost in the case of a loss.The pandemic has no bearing on any of these details, and most people I know have seen little to no impact in rent payment or tenant availability.

@Cynthia OrtizNormally your investment in a syndication does not impact your tax return so it would be interesting to see how it was reported on your tax return and why the underwriters are having an issue with it.Passive losses from syndications normally can only be offset with other passive income or when you exit the syndication.They normally show up on schedule E but won't flow to the front of the return.

That way, I can have almost 60,000 at my disposal to hop on a deal vs 35k.How impact will the cash in hand be vs the access to potentially more capital in your scenario?

I haven't really had any impact in my rents. 

However, with the impact the current pandemic is having on the economy, the fear of mass evictions and foreclosures to plague the market soon, I would like to see what others thoughts are on the impact to note investing.

Depending on how long it goes, you may want to refund them their money based on the number of impacted nights, or buy them dinner if it was a long time and they still decided to stay.Hope that helps!

Learn more about non-recourse lenders here: https://www.biggerpockets.com/member-blogs/9552/70408-ira-and-solo-401k-non-recourse-lenders3) 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.

@Mo MuigaiAppraisal should have no impact on your sale.

I would not pay impact fees for an additional 50’, but would for an additional 450’. 

Most saw little impact or have a long term view, so understand any cancellations now are not a permanent trend.