Or overstate/understate? 

. :)The only slight difference here is that it's possible Wall Street is flipping out more, or less, than the actual threat of coronavirus would warrant.If you think the media is hyping it up to be worse than it is, that's a vote to lock now before Wall Street realizes they are panicking over nothing.If you think the media is under-stating what we're about to get hit with, float and start stockpiling apocalypse survival equipment.  

With a three-member LLC, your options for federal income tax purposes are to (1) have the LLC treated as a partnership, or, (2) have the partnership treated as a corporation.The LLC is still an LLC governed under state law, but for federal income tax purposes, you have to elect how you want your LLC to be taxed.If your LLC will be engaged in an active income business, then the corporation election is usually preferred.  

Well, that was horribly understated.

I Think You HAve Every Right To Serve The 90 Notice If You Intend To Occupy The Residence On Property Regardless Unless Its A 300 Unit Complex Of Course.Also The Law Says You Have To Give The 90 Day Notice "When there is no lease or the lease is terminable at will under state law."

HUD has the final determination as to the intent of the federal law under Dodd-Frank is being complied with under state laws as to mortgage and real estate transactions.

You're probably right, Minh...I just tend to understate the positives as my silent retaliation to those who make it sound better than it really is.

Lenders don't pay fees unless required under state law, in KS, you'll file it.

The viewpoint also under states the value of reducing tax burden NOW vs. later. 

The knowledge that the members here possess cannot be understated.