As for the psychological impact, that's something I never thought about.

Now we're looking for more of a permanent/forever home and are right back in the same position.

Just curious how Covid has impacted prices.Lead times for work have exploded but prices haven't gone up at the same rate.In CincinnatiGeneral labor is probably 40-50/hrPlumbing is 125 And electricians can charge 200+/hrThis represents the cost of everything except materials.

Imagine the impact that would have.

The difference between "minor repairs" and "bathroom renovation" could impact the price at which your PM lists the property. 

If all your portfolio is in commercial industrial buildings and there's an event that severely impacts the demand for commercial industrial, your heavy exposure to that one asset class could really hurt.Geography: Dallas, Cincinnati, Las Vegas, Phoenix, Jacksonville, Columbia, Birmingham, etc.

On another thread someone suggested involving my CPA on the front end to ensure that both real and non-real estate assets that are transferred are given appropriate values as this will impact depreciation expense of the real estate assets.  

I found an interesting discussion on related topics here: https://www.biggerpockets.com/forums/20/topics/208...Based on the fact that I am still working on the house I live in now and I am working on repairs to a duplex I bought as a rental in the city, it could certainly take me a year or more to complete all the repairs / renovations required on this HUD property since I plan to do everything myself and I'm not a seasoned construction veteran.One thing to mention is I am planning to purchase using cash - no mortgage or financing, not sure if that has an impact on the conversation or not.Our first child was born about 2 months ago, so I'm not really sure what the future holds.  

Will you be moving permanently and house hacking? 

It's a mobile home from 1976 on a permanent foundation and solid as a rock.