The frequency and substantiality of sales are highly probative on the issue of holding purpose because the presence of frequent sales ordinarily belies the contention that property is being held "for investment" rather than "for sale."

Read some studies (but consider who paid for them and their motivation :-) And cities like LA, Seattle, NY cannot blame the vacation rental market for their housing problems, those are the result of failed policies by years of leadership....Vacation rentals have many benefits over standard rentals that you might consider a) they open up areas to vacationers that would ordinarily not be accessible (not everyone wants to stay in a hotel district).b) they almost always improve the neighborhood they are located in - the house, inside and out, must always be in near-perfect condition in order for the landlord/host to stay in business.

The frequency and substantiality of sales are highly probative on the issue of holding purpose because the presence of frequent sales ordinarily belies the contention that property is being held "for investment" rather than "for sale."

Ordinarily the deposits get paid to the buyer at closing.

You are hereby notified that the Los Angeles County Development Authority (LACDA) does not intend to waive any privilege or privacy rights that might ordinarily attach to this communication.The electric data transmitted is for your convenience and is the sole property of Thomas-Grace Construction, Inc.

Ordinarily, I would 100% agree that we would NEVER touch a retirement account for something like this, but because it's part of the CARES Act, the following is true:- The 10% penalty is waved- All taxes will be reimbursed if repaid within 3 years- There are no requirements on how to spend the money (this is of course different than if we were to just take a distribution outside of the CARES Act)So... we actually moved forward with this plan.

I have tenants who are due soon who I'm strongly considering either not raising rents on or offering short term renewal options (2 things I'd ordinarily not do), just to keep them happy and make sure I don't have to show a vacancy before the fall.My suggestion would be something similar.

Ordinarily people should be holding cash as much as possible at a time like this and things seem to be changing almost daily.

@Jacob Bowman how is your water/ sewer metered, if it is metered by the water company you may be able to give them a call, even ask for your usage data because now "you are trying to conserve"  It does seem incredibly suspicious, but you also need to know how your water/ sewer is ordinarily billed to make a determination, is it actually based on your usage or does the landlord take the bill for the entire building and divide by the number of units. 

Ordinarily, we would be actively looking for our next two projects, but I fear we  potentially could be buying a bit high right now and future ARV's will decrease.