Based on our research, this seems to be a controversial case with several possible interpretations (below) we want to check with the community about their experience for the same.1.No, as this is a replacement of unit of property” (UOP) explicitly defined by IRS – this is an improvement with 27.5 years lifetime and can be only deprecated.

Again; keyword is "SUCCESSFUL"  and that can easily be interpreted in many ways. 

I think sending out the mass announcement only creates more work for the office and can be misconstrued or interpreted incorrectly as we are OK with an rent moratorium.

I interpreted the video as saying 2% loss to lease is what you should expect once the property is stabilized.

The SJC held that, given that this was a reverse mortgage, and not a traditional mortgage, "where the lender cannot hold the borrower personally liable for the debt, and where the lender’s only recourse on default is to obtain repayment through a foreclosure sale," "the only reasonable and practical interpretation of the mortgage was that it incorporated the statutory power of sale."

Not sure what the interpretation will be for people who had already submitted their letters. 

Under this interpretation, contagious diseases like COVID-19 would not count as a covered loss.However, some argue that COVID-19 can contaminate physical objects like HVAC systems or assembly lines, which in turn would force businesses to cease operations.

Some will even interpret this as an inability to provide project management.I wonder if you might not be better served by a ROBS plan. 

My interpretation of loss of use is that if the property is inhabitable, which is not the case with COVID-19. 

Precisely because the mechanism of such personal income aka salary if undefined and subject to interpretation.