The LLC make no difference as to Profit and loss except that it will cost you money to have an LLC(deductible) The property could be deeded to the LLC.

, what makes you think they'll take a $20k+ loss after accounting for closing and selling costs?

If they are unable to pay their rent due to loss of job, that under the emergency orders, they are required to notify the landlord of the need to suspend or lower payments for a specific period; they will also need to file for unemployment and housing assistance.

Hard to say yet if more "deals" will surface as people face financial difficulty and job losses, so I'm would keep an eye on inventory levels.

Unforeseeable EventsYou meet the standard requirements if any of the following events occurred during the time you owned and lived in the home you sold.Your home was destroyed or condemned.Your home suffered a casualty loss because of a natural or man-made disaster or an act of terrorism.

And, even if you are cash flow negative by living in one unit, as long as that monthly loss is less than you would be paying in rent elsewhere, you are still netting ahead.

It's just a matter of looking at the total picture and where you want to be...doesn't mean the new property you buy won't cash-flow enough to make up for the loss in the first one, but you certainly want to know that before getting into it!

I'm betting the really successful Airbnb properties are stand alone properties (the owners are not living in them) and with the loss of revenue it may make sense to sell and conserve cash.

(*Thoughts: Private money seems to be dependent on knowing someone (which I don’t), Hard money seems more feasible, VA loan would require the home to be livable (which in turn may reduce much of the potential value add), conventional loan would require less stipulation than the VA loan, and personal credit cards (Not a bad option with 0% balance transfers and commitment to pay down.Complete the rehab in less than 6 months (I will work on the project when possible, but sticking to the shortest possible timeline is paramount).Rent out the units.Refinance it either with VA 100% LTV (Not sure if the lenders do a full 100% but that’s what Navy Fed is repping on the site) or Conventional 70-80% LTV.

We can sustain 20% in loss rent indefinitely.