You may have a 5472 filing exposure for 2019, but again specific advice should be directed to a CPA that you've engaged.Yes, the penalties for failure to file a 5472 or an inaccurate filing are steep.Once the LLC gets up and running you'll want your CPA to give you the rundown on an 871(d) election and why it may benefit you.Best of luck.

Yes I’m willing increase my exposure as the time comes near.

And as i watch the news they are starting  to interview landlords that are voluntarily waiving rent for the next month.. so those folks are getting a ton of good will and national exposure.  

All of this to reduce exposure and will sanitize all for knobs I touch after they leave. 

I plan to do just the essentials (about $2,000) to build a business foundation, but was curious as to how much exposure that would get me to the rest of the Rents community.

We are scared for his safety, as well as our whole family's exposure from him.Hopefully this comes to an end sooner and everything is normal again. 

Good question @Naomi Hanson.1031 sets a tight window to find a quality property, and Opportunity Zones lock your cash up for 10 yrs... many times those who invest in large MF that conducts a cost segregation study to greatly reduce or in some cases eliminate their tax exposure without those constraints.

I like the idea of at LEAST pre-showing it virtually to minimize the exposure on site. 

Long story short, I tracked it down to EMF exposure

Unfortunately with the increased exposure we'll have to start paying hazard pay to ensure workers show up and maybe start dispatching service techs from home to keep them away from other workers.