Covid complicates the closing process and I underestimated the impact on current tenants while a property is being sold.

It likely won't change the appraised value but it will positively impact the resale value.

Williams Lincoln has a phrase that impacted my life since my young days, quoting: “ You cannot establish security on borrowed money”.

A ton of wholesalers and flippers, but not a lot of developers.  1) I've never tried getting financing to buy the land, I typically buy my land cash so I'm not incurring holing cost while waiting for approval 2) it should not be difficult to get a construction loan, I know lending one offers new construction loan, for my deals I've got a private  lender that borrows me money 3) The way I structure my deals, I'm paying out of pocket for all soft cost engineering, architect,  soil test, impact fees, I left out 2 critical steps on my initial write up Soil test: I'm ordering a soil test as soon I put the lot under contract, the cost is about $500, the county would want to see the result of the test when submitting your stormwater management plan Impact fee: Make sure to check with your county, some counties have them and some don't impact fees could be huge, in my county depend on where you build impact fees could be as much as $25k or $12k 4) I try to get as much as I can get done while under contract, In my county the typical turn around time is about 4months, while in Baltimore county I know builders that will close today and break ground the very next day, they have a faster permit process 

The question is;What are the standards for paying the monthly payment early to reduce the interest impact?

The NOI doesn't matter until you get to five or more units, then increasing the income has a direct impact on the value of the property. 

Are you still happy in 10 years you did the deal...or will the stress of that situation or financial impact be too much that you never do another deal?

Also note the impact the pandemic has had on the housing market in DC.

@Nathan KurzmannKeep 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.

Even if it won't boost the rents it could impact the selling price when and if you guys sell, plus add an amenity to a tenant to potentially reduce turnover long term.