Almost everyone I know told me not to do 50% off since they're getting unemployment, along with the extra $600/wk from the federal government.

So while the client owns the LLC couldn't they accept new members for cash (to the LLC) in exchange for membership interest without creating a taxable event? 

The previous national eviction ban only applied to renters in homes with federally-backed mortgages. 

He will know the most information about you which would make him suitable to answer your question.I would suggest being able to deduct all the expenses you are entitled to.You are entitled to report deductions if it was ordinary and necessary(and reasonable) for the flip to occur.a $1000 extra deduction will save you $400 if the total tax rate is 40% which is average if you consider federal taxes, state taxes and Self-employment taxes)

Here are the requirements:Be at least 18 years old.Be a US citizen, a non-citizen national, or a qualified alien under federal law.Have a high school degree or equivalent.Complete a state-approved 75-hour real estate prelicensing course.Pass the Georgia State Licensing Examination.

The IRS will treat unallocated amount as taxable boot. 

A corona virus related distribution is still a taxable event.

Here they are in no particular order of importance.1) LLC2) Liability Insurance3) Following the law and business best practices, such as knowing and following your state's land lord / tenant law, knowing and following the Federal Fair Housing law and Americans with Disabilities Act as it pertains to housing rights, making timely repairs and keeping your buildings up to code.You want to do ALL THREE, so that if 1-2 layers fail the 3rd still protects the assets you've worked hard to build.Hope this helps.

The cash-out portion is not taxable.

However, in places near major metros, ESPECIALLY California, every single established state/federal campsite is going to be booked out for months.