Unless the existing system is near a body of water and pollutes a lot.Maybe connecting to the existing sewer would be cheaper anyways assuming that you can and its economically feasible.

A new policy naming both the land trust beneficiary and trustee(s) as the policy loss payees satisfies most lender requirements.

You'll recover the losses on this property...and add new gains. 

There are a bunch of decision that you will need to be making that have huge effects on the profitability of the venture. 50% of some profit is better than 100% of a loss because of inexperience.

I believe there is going to be a growing market for this in the coming weeks in STR.I’m taking a loss on STR right now and doing ok on long term rental.

Some win for the rent-strikers.TL;DR - The vast majority of landlords who might confront a rent-striker face the potential consequence of a temporary loss in income from some tenants, likely a small minority, something that they can usually weather for months.

Should I just take my losses?

@Max RievesIt doesn't sound like a single member LLC if you have other members who are investing capital.Regarding multi-member LLC's, you want to keep track of everyone's basis, which includes contribution, share of profits/losses and distribution.You may also have a requirement of issuing a K-1 to each investor.

Due to the certainty that losses are almost certain for any landlord right now because of the situation, I think it makes sense to apply for anything you can approval for now because it will take some time to get approved.

I'd be reasonably impressed if it was 25% of the rents for the reservation so at least AirBnB is splitting half the losses with me, while still giving guests their free refunds.