Look at worse case scenario what could happen from a liability standpoint.I am not an attorney nor do I advise on asset liability protection strategies, but I have clients that work with an army of very well respected law firms that go with just a good old fashioned LLC held directly or through a revocable trust, maybe an LLC for each property all in a Holding company.

Also, can the landlord give 3-day notice for lease violation, like having a pet without landlord's consent?

Then my revocable trust will own the WY LLC.

They should be able to help you understand the tax ramifications of distributions.I am not an attorney, but when the grantor of a revocable trust dies the trust becomes irrevocable.

. · For loan amounts of $25,000 or less, SBA is not taking a security interest in any collateral.Page 2 of 11SBA Form 1391 (5-00) Ref 50 30Doc # L-01-0476006-01SBA Loan #8496557408 Application #3600074047DocuSign Envelope ID: CA47909F-9BAE-44B7-ACA5-7A831F089087In ProcessREQUIREMENTS RELATIVE TO COLLATERAL· Borrower will not sell or transfer any collateral (except normal inventory turnover in the ordinary course ofbusiness) described in the "Collateral" paragraph hereof without the prior written consent of SBA.· Borrower will neither seek nor accept future advances under any superior liens on the collateral securing thisLoan without the prior written consent of SBA.USE OF LOAN PROCEEDS· Borrower will use all the proceeds of this Loan solely as working capital to alleviate economic injury caused bydisaster occurring in the month of January 31, 2020 and continuing thereafter and to pay Uniform CommercialCode (UCC) lien filing fees and a third-party UCC handling charge of $100 which will be deducted from theLoan amount stated above.

- it says borrower will not lease collateral property (so RE property) without written consent from SBA.

I have a good tenant that I do not want to kick out that recently put in an above ground pool without my prior consent.

You can set up a trust and have your daughter run it just fine.In OR, if a minor signs a contract, it's revocable at the minor's option. 

My question is and still has not been answered is “ if you have two consenting parties landlord -tenant enter into a written legal binding contract how can the Governor say your contracts are no good for the time being?”

It's in a revocable trust, so I'm assuming they're trying to keep everything private.