We have had a fully booked month in March and April until airbnb emailed our guests to let them know they could disregard our refund policy and cancel without penalty.

I would disregard age of the property, and focus on location, deal, structural problems if any, and whether wiring, plumbing etc are up to code or insurable.Houses built before 1978 have to be rented with a disclosure (and brochure) about lead based paint and the terrifying ramifications of licking the walls.

And I assume it would be a disregarded LLC?

No good deed goes unpunished as they say, hopefully you won't have to learn the lessons I've learned, but continuing to disregard advice is a great way to accomplish that.

Disregarding state and local gov't actions, it looks like the federal 'stimulus' bill that just passed only applies to federal backed loans.

for example let’s say you owned a rental property in an LLC taxed as a disregarded entity and your profit after all expenses such as maintenance, debt and taxes was $100k and your personal tax rate was 30% 1) Would You pay 30% on that $100k as taxes so $30k and the remaining $70k is yours to keep with no further taxes? 

This will provide a tax benefit even to those who do not itemize.For the 2020 tax year, a taxpayer can elect to disregard the 50% AGI limitation on deductible contributions.

@Phuong Uyen N.If it’s a single member LLC and you made no tax status elections, then for federal purposes it’s a disregarded entity.

I'll let you know in a few weeks, but with only 5/6 units occupied, it's cash neutral disregarding the capital expenditures.

Not sure how you're getting to the point where you're interpreting net equity on the balance sheet as a loss...If this is a SMLLC taxed as a disregarded entity, you would just distribute the remaining cash to the owner and clear the balance sheet.