I agree with taking precautions to keep yourself and others safe and healthy, but for me, I'm going on with my regular life.Stay tuned to see if I make it to the end of the spring!

I'm not sure whether we have done anything similar and what are the precautions you have done so that in case partnership has to dissolve or one of the partner has to exit what is a fair exit strategy in terms of how to value the property at the time of exit after 2 years or 5 years or 10 years.And those of you who had done similar arrangement how do you keep a maintenance escrow.?

Once you put the home in service, you can write off Depreciation, repair cost, maintenance, advertising, supplies, tools, taxes, insurance, mortgage interest, travel exp, home office (take precaution) cell phone usage.  

@Chris Martin Is there any type of precaution that the home buyer can take to ensure this doesn't happen to them prior to the sale? 

However, as a precaution, when you are initially setting up your loan, tell the loan officer that you may want to move title to an LLC in the future and see what they say.

I have seen $9,600 due bills in properties closing (due to my clause debited from the sellers closing statement).7) I buy houses on the market (MLS), but I most like the off market deals (once you start investing hard with cash those deals start appearing...those are the best).8) I NEVER EVER feel I am done, I can still fail and take all the precautions to avoid it.

I expect it to heat up again in early spring.You are correct on forebearance, about 7.4% of all loans, many took it as a pre-caution, but no doubt the quadruple payment will trip up many.

Hopefully we can all take precautions to ensure this doesn't happen again. 

Are there any precautions being taken by advanced REI to navigate in this uncertain economy?

Hey @Jacob Whitbeck - If we decide the Old Ranier Brewery offices are a good spot I'll just run it by the building manager to make sure we're not breaking any rules (Covid has turned everything on its head, so there may be precautions and group size limits they ask us to undertake).