@Courtney DuongIf there was no activities, income or expenses in 2019, then generally speaking you do not need a partnership return.Exceptions to general rules are always possible though.

@Ian Hogan @Matt Bailey I agree Todd Fleming’s book is very helpful, especially if you like step by step how too’s and scripts for interacting with potential leads and partnerships.

Simple answer:  Yes.As the WHO has declared COVID-19 a pandemic it triggers force majeure. 

The sky is the limit on what can be decided in partnerships.

I am getting super gun-shy about pulling the trigger on that first deal. 

In addition to not being able to evict for non-payment and not knowing how long this COVID-19 craziness will take to pass and get back on track, or if this will trigger the pullback everyone keeps waiting for. 

Hey BP, How do mileage deductions work in a partnership structured as a multi-member LLC?

If you try too hard to JV deals or find partnerships, you will invariably run into some bad ones.

This is our first flip and our first partnership, and we have done most of the work ourselves in the past 3 months.

What you are doing is a common mistake for many, many first-time real estate investors--you go around and around, collecting information, doing more research, learning about the market, studying any and every piece of information you can find, but you NEVER PULL THE TRIGGER.