I also thought about covid relief, but don't know whether she'd qualify, and if she did, i suspect it would be a one time payment that wouldn't solve the underlying problem.

What a relief that I don't have too!

I have not been able to materialize any created wealth for me and I am starting to get anxious about this situation, and somehow excited and relief, since I came across a way to start materializing wealth.Some years (maybe 10 or more) my wife read "Rich Dad, Poor Dad" and she started explaining the idea that Kiyosaki talks about, I got excited and started to do some numbers and just could not find how to do this.

I've had a tenant for about 3 years now in Los Angeles and as of November he stopped paying and said he wants to use the housing is key rent relief program.

@Craig ComstockLLC's can potentially provide tax relief by self-employment tax savings if selected to be taxed as an S-corp.However, be mindful that the tax savings comes with additional administrative tax burdens - S-corp tax return / payroll tax return.

For all those landlords who are having trouble collecting rent you will want to look into the rent relief program for your state. 

Get these from S8 and some charity/covid relief programs.

There is section 754 step up to give relief for new members of an LLC where outside basis is different than inside basis. 

I am a new General Manager for Philcorp Solutions, a disaster relief/ construction and restoration company looking to expand here in Atlanta, Ga.

So thats a relief for now lol. i'll learn all i can with him god willing.