We kept his deposit, between giving no notice we would have been entitled to it for the month's rent, it would have been difficult to make a case on the damages since there was no condition report from when he moved in, but we could have charged him to remove and dispose of all the junk.

There's some insanely cool virtual tour technology at sellers' disposal nowadays - check out Matterport for example. 

What’s you’re opinion on insinkerators or garbage disposals in the kitchen sink?

In past recessions, people who had enough disposable income and lived close by may decide to take a more affordable vacation.

I personally wouldn't do this deal, because (throwing out hypothetical numbers, % vary based on your income and disposable cash):Cost: $500,000Down Payment, 20%: $100,00015 yr Interest on $400,000, rates for investment property: 3.3% Monthly Payment for Principal: $2,820Maintenance, repairs, taxes: $1,000 / month (this depends on where you live)Monthly Income: $3,800Monthly costs: $3,820Vacancy Allotment: How fast is tenant turnover?

If I am in the accumulation mode, using leverage is beneficial but in the mature portfolio mode with the objective to maximize disposable income, for me having them paid off is ideal.  

Unless you filed Form 8832 or Form 2553 to elect C or S Corp status for the SMLLC, it is taxed as a disregarded entity.You don't have a corporation for tax purposes.Generally, gain or loss is recognized on sale or disposal of the assets (as Michael already noted), the character of which may be capital or 1231 for rentals.Putting money into or taking money out of the SMLLC's bank accounts is not a taxable transaction.If you are uncomfortable with these dynamics you may want to work with a professional.

Proper sanitation of surfaces ***Make sure to wear disposable gloves when cleaning***When you sanitize a surface to kill off dangerous germs and bacteria 1.

Should tenant choose not to designate a person(s), belongings will be handled in accordance with local laws and may be disposed of as the law permits.

People are now going to have to catch up on rent, mortgages, credit card payments, etc and have much less disposable income for a while even in the best case scenario.