Under the CARES Act, net operating losses created in the 2018, 2019 and 2020 tax years can be carried back five years with no limitation on their usage.LIMITATION ON NET BUSINESS LOSSESPrior loss limitations imposed under the TCJA are suspended.Under the TCJA, taxpayers (other than C corporations) were limited in utilizing net business losses (i.e., business losses in excess of business income).

Check whether the insurance policy covers business disruptions resulting from the loss of a key supplier’s services/products, as a result of COVID-19.Lastly, ask your bank about payment deferrals.

While we seem to have plenty of food, we really have no clue where some of our food comes from.

Because housing is a basic necessity (food, shelter, clothing)and now the progressives call it a human right.Interesting that they are not also calling for free groceries and clothing... at least be consistent!

I am grateful for:My families healthSafe homeAvailability of food and clean running waterThe following is gravy:Amenities to pass the time- Wifi-streaming movies-old dvd's-boardgames-deck of cards-streaming movies-youtubeKnowing that my finances are in order 

Sellers now are in a tough position where they would ; 1) obviously move forward with deal and close of escrow as planned sooner.2) wiling to work with buyers but don't want them to back-out at the end of due diligence period without any compensation for loss of opportunity.3) Seller are contemplating to ask for a non-refundable deposit from buyers if they choose to cancel the deal and walk away at the end of the (90) days extension.4) what is fair and reasonable under these circumstances as I don't want to risk the buyer canceling the deal completely, but also don't want the seller end up with absolutely nothing? 

They will usually require the following coverages;  Property, General Liability & Loss of Rents.All 3 of the above coverages are the foundation of most landlord insurance policies.In regards to hiring the PM, you still want all of these coverages under your own policy to protect your interest. 

I am still optimistic that the market will rebound after this pandemic, but I am wanting to hedge potential losses (hard money holding costs) in the short term buy refinancing the loan into an interest only loan.

I plan to do maybe 1 or 2 flips this year (2020), but we'll see how this economy goes.Property #1: Purchased in 2019, flipped, and sold the same year for a slight loss of $10k (held the property for less than a year)Property #2: Purchased in 2019, flipped, and planning to sell in 2020. 

If there are pets in the unit, make sure they have food and water on a regular basis (Purina), and if they are abandoned contact these people: https://www.nokillnetwork.org/d/Massachusetts/(Or you could keep them for yourself if you want--they sure need a new home)Good Luck!