You can reduce your overall taxes with real estate, but to eliminate it completely is unrealistic.And if you have a $1.5M business, you need a tax strategist on your team, someone who knows not only how to prepare tax returns but how to minimize taxes by planning ahead.

I expect for this to minimally go on for xxx months and maximum go on for xxx months.

@Lamont Marable sorry for delayed response. 

I haven't seen direct effects of delayed closings just yet but Title & Escrow have been swamped. 

My first question would be, what is the sellers true motivation and will delaying closing that much have a negative impact on their motivation.  

more and more states are shutting down non essential businesses, highly questionable you can get appraisers, inspectors and surveyors for physical visits so most likely there will be a delay? 

etc.I think when people are saying that the real estate market is not affected by the virus they are meaning that downward pressure on prices and rents tend to lag behind the general market economy and so number changes would take some time to show up but you rightly point out that the buying and selling behaviour has been impacted by the social restrictions and this is very new so I agree that there is an impact albeit temporary.To respond directly to your concerns about extending - I wrote an offer yesterday and we included a hot off the press COVID-19 Addendum to the contract to mitigate the buyer's exposure if delays resulting from the disruptions caused deadlines to be missed - the traditional Purchase Contract in FL at least has a Force Majeure contingency in it but COVID-19 is not considered a Force Majeure event so you may need to consult with your agent/Attorney about how to get an extension.

The Chief Justice of the Ohio Supreme Court said that she was leaving this up to local decision makers on whether to shut and she was not going to delay evictions.

I'm not sure if on the Property management or asset management side there is any thing about delaying paying building bills, water, electric, mortgage, insurance....Kindly let me know if any of you aware of any laws or programs that we can apply for to protect the business until this issue get back under control. 

Essentially, if appraisers, lenders, title companies, etc. are delayed due to closures or stay-at-home orders, then this form would help buyers and sellers in Denver, Colorado Springs and elsewhere in Colorado get on the same page.