Materials can be bought, stored and billed for in a current month, but the contractors are required to have property insurance, with the client listed as an additional insured, on any material stored to ensure the client's risk is mitigated.

Single-FamilyThe supposed advantage of multi-family properties is that income from occupied units can mitigate vacant units.

@Richard Benjamin Wilhite, @Bill B.makes some good points about loan terms and the strict identification rules for a 1031 exchange.I would add from a tax mitigation perspective that buying the largest property possible will give you the greatest amount of cost segregation possibility and at the lowest cost since it would be one study rather than several. 

Going forward, I definitely want to mitigate such a situation.Thanks for all your insights!

We completed our taxes and got the K-1s out at the beginning of March before the lockdowns started.As far as bad news, best practice is to communicate it along with what you're going to do to minimize or mitigate the impact as much as possible.

We already signed the purchase agreement several months ago...it has been on hold while they mitigated a pest control issue that has taken 2 months.If it's that important, make it part of your purchase agreement.

How to mitigate unexpecting costs that come up, is a battle that happens on every deal, but how we handle it is to keep the reps up.

A word of caution - this is a short term solution to mitigate the credit card load.

., mitigating tax liability for passive and non-passive income).

Great points from @Doug Smith and some I will be leveraging in my own work.We do some "pitching" of startups to landlords and while not a 1:1 comparison we generally also leverage the credibility of the team or consultants that the startup is using to mitigate their risk.