What was the outcome?

With that being said, the market could trade flat for the next 12 months, America gets back to work sooner than later and we do not see a material pull back in values which will help support the performance.Performance of the lower LTV bridge on income properties I think will perform better.  

I would say its pretty hard to predict an outcome with the current circumstance as the stock market is bouncing up and down and no "cure" for this virus.

@Heather Frusco  now that you started a very dynamic thread.lets look at it like most real estate business'sthey are for PROFIT and or for LOSS..When we build new homes we hope to make a profit but sometimes we dont.. market conditions changed on us or whatever its incumbent upon ourselves as investor builders/developers to plan for these types of outcomes that are not ideal.

The more reasonable solution since construction/trades are still able to work is to move forward.

A lot of CPAs are "jack of all trades" generalists.While the topic of this thread isn't complex, a CPA not experienced with partnership tax law may struggle.Deducting on the 1065, as your CPA suggested, is not correct (nor it is a choice).Either (a) establish an accountable plan and have the partnership timely reimburse you (and take the deduction on the 1065) OR (b) get an appropriate expense reimbursement amendment in the operating agreement (signed by all applicable members) and begin taking mileage as UPE on your 1040.

To be clear, there is no tension involved with this at all - we're just all trying to determine the best outcome for us the investors, and the kids as heirs.

What was the outcome?

I have friends/connections in every trade so finding contractors won't be a problem.

It results in the perverse outcome of tenants prioritizing less or non-essentials like phone, cable, internet, even credit cards over the essential of rent because these less-essentials will be shut down if they don’t pay.I totally understand the moratorium on evictions but it should be coupled with rental assistance.