*Also, How is Covid impacting long distance (or locally for you) investing?

For someone with limited funds up front, what are the negative impacts this can have, assuming you are able to make your payments on time each month and retain your current job?

In your case you would take the tax impact and have less to invest.Follow up notes:1. 

However, i'm still sort of skeptical about the kind of impact that COVID-19 has had on the renters market currently as well as the lasting impacts.Any thoughts?

Family impact, neighborhood, friends, family, schools.c. 

I assume the IRS will eventually put some literature out regarding COVID and impacts on capital gains, but odd situation and i want to make sure we can use every piece of intel to make this sale go well and avoid the capital gains. 

The CARES act might have an impact on it later as well, since many were not allowed to be evicted from their apartments for failure to pay rent.

Spending some money with them now will save you some time and money, most likely.I am not sure about the laws where you are, but I know LA's eviction moratorium ties into a "self-declaration" of impact from covid19, financially.

It will impact lower to lower-middle class borrowers the worst (who are already hardest hit by liquidity issues during this pandemic). 

“It only impacts the top 155 people, not my problem.”