Now that it's empty, I'm faced with a dilemma because of my fears that the market will crash later this year/early next year as a result of a virus resurgence causing high unemployment and associated economic woes, plus the cyclical downturn that was predicted even pre-covid.

In contrast the 2020 recession is an outcome of a pandemic which is causing economic havoc but homeowners and lenders all seem to be in much better standing now.So what drives this thinking that home prices are going to crash the same way they did in 2008?

It's like the ultimate crash course.

I've lived through the 2000 and 2008 crashes, but wasn't in a position to take advantage of them.

If it is an outside liability claim (like someone suing you because your son killed someone with your car in a crash), if the LLC is set up in a proper jurisdiction with charging order as sole remedy (or your LLC is owned by a holding LLC in such jurisdiction), then the plaintiff would not be able to reach into the LLC asset.You can combine both by having the property owned by a land trust where the beneficial owner is an LLC.Using asset protection structures can be very efficient in protecting your assets from catastrophic lawsuit by limiting the risk to only part of it.

During this one, I do see prices going down, but for the most part I don't see a 2008 crash again, where you could find properties at an 80-90% discount. 

I survived the 2008 crash and remember the amount of damage a 30-40% drop in prices caused!

If oil prices hadn’t crashed would you be full even with the Coronavirus restrictions?

For the Fiancing part, I had thought I had my har moneylender all set up and good to go, once I informed my lender of the accepted offer she informed that unfortunately due to the COVID-19 outbreak and market crash they are not lending at this time.

The mortgage melt down and the resulting real estate crash were the effects of the very cause.