If you're trying to purchase the LLC and refinance current debt as the new owner, the mortgage lender may require seasoning to make sure you have skin in the game.Taking over an LLC is a great way to control the assets of the LLC for a minimal cost in many respects.Stephanie

Some are refunding and some are sticking to their guns as we have no control over the outbreak just like the weather.

If the purpose of the loan was to purchase additional real estate and it's a LOC or a loan with some controlled disbursement account attached to it, then yes that makes sense to me. 

If not, the lease that is in place should control any reimbursement you receive.

There is a lot of uncertainty in the world that I have no control over.

You do not want to break chain of control and stop your title policy. 

Confirm with local water authorityLawn care/snow removal: $50-150/month depending on location and property specificsOther shared utilities: Property dependentTrash removal: Property dependentPest control: Property dependentProfessional/Admin fees: $25+/month depending on the size of the property to cover tax filings, advertising, etc.

.), Home Office Expenses, Travel Expenses, Snow Removal, Landscaping, Pest Control, etc., HOA Fees, Business Meals (50% deductible), that doesn't stop you from cash flowing growing equity and someday retiring wealthy.

It leads to deals but it's unpredictable and you are dependent on others, thus not in control. 

We are nor panicking instead trying to think though some scenarios and communicate/plan on paper . 1.Ownership:1.Create a “Medial Power of Attorney” to take over decision control if any/all owners get sick 2.Communicate ownership delegation with property manager2.Property Manager/Other Employees:1.Communicate CDC requirements 2.Outline and agree upon rent collection work process if city were to shut down 3.Outline and communicate a call tree identifying repair personnel 3.Safety:1.For employees: Release funds to buy protective gear while working within premise 2.For tenants: Communicate 2 times a week with CDC requirement as COVID19 is a REPDI development 3.For Owner: Identify all elderly tenants and communicate with them to call CDC if they would show any sign4.For Owner: Identify companies who does preventive medical grade clearing if any cases to be identified within premise. 4.Insurance :1.Confirm with current insurance to avoid and potential liability from owner to tenant negligence perspective 5.Operations:1.Review plan for marketing to get tenants if people were to leave during outbreak 2.Review plan for eviction during shutdown (if any) 3.Review cash position: 10 months cash supply covering 10 month of debt payment .