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. 

@Stacy Morris@Jason McKee 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.

The school districts tend to draw boundary lines that you might not see in a zip code search that will have strong impact on actual property values.

Also, election results and other variable could impact the economy and change all of the current predictions.

But, I am thrilled to have an overall positive result in net worth, and a great experience to learn from for my next deal.Financial ResultsPlannedActualPurchase Price$51,500$51,500Renovation$35,000$80,000All In Cost$86,500$130,500ARV$135,000$170,000Rent Income Before Refi$0 [didn’t plan this]$2,400 [only 1 unit rented so far]Money back from Refi$94,500$119,000 - $4,000 closing = $115,000Money Left in Deal-$8,000$13,100 [calculation: $130,500 - $119,000 - $2,400 +4,000]Net Worth Impact+ $48,500+ $41,900I had forgotten that my renovation budget was initially so low.

However, does that make a large impact on someone who only has one investment property?