Check out the following article (and watch the video): https://www.yahoo.com/finance/...They report some of the first hard data on the direct (and indirect) impact of COVID-19 on NYC real estate. 

On the other, chasing big money feels a little hollow as an end in itself.I’m asking the question because it impacts what type of deal I pursue next.

The first was not well run and just after I sold they took out a massive loan and I have no idea how that impacted owners as it was a massive loan and one of the people on the condo board pushed for it and then sold his place AFTER he pocketed a big commission from that loan. 

*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.