I've held commercial assets in LLCs for years, but not residential and certainly not my primary res.I'll let tax pros speak to whether you'll be able to claim the sect 121 capital gains exclusion in an LLC or not, but I bet it gets messy.

One at the end of the season due to their business in CA being shut down and the other at the beginning of the season for a couple of medical professionals in LA that need to be home.I honored the policy.

They are not happy about losing the garage/effeciency.They claim that the garage/effeciency is attached to their well and Septic, and that I may use neither.

The after math once a tenant does vacay a home/unit is beyond past due rent or another vacant unit.let's consider...the unit is vacant, potential new tenant comes, new tenant wants a professional cleaning-To ensure this virus does Not spread consider hiring a professional hazmat type cleaner.No one wants claims of a unsantized home.This is far bigger than No rent payments. 

They said they would be issuing class B misdemeanors for every night they found guests in a property and claimed they would go door to door knocking and checking.

I have lots of medical residents and visiting professors rent them.

BiggerPockets is working on a piece that will share all relief programs that might be available to Americans (disaster relief, financial relief, unemployment, medical, etc).

GETTING HELP NOWNYTimes - Money MattersUnemployment - law expires 12/31States can access when they have 10% rise in unemploymentUnemployment is typically 45% of lost incomeMost states pay 26 weeksDon’t have to lose your job, can get it if: you are quarantined, furloughedGetting unemploymentHave to have been at job for 30+ daysEligible for 2 weeks paid if ill or quarantined or caring for sick family memberPart time workers can get average of normal 2 week salarySelf-employed (gig workers, etc) must calculate daily average and claim as tax creditWho is exempt:People that work at companies that employ 500+ peopleCompanies with fewer than 50 people can ask for an exemptionEvictions + ForeclosuresMoratorium right now on bothSuspended for 60 daysThis includes foreclosures that are in processTaxesCan hold off on paying (without penalty) until July 15th if:You owe less than $1 million to the federal governmentIf you are getting a refund, it will come in a normal time frameMortgagesFind out who owns your mortgage + what programs are availableRequest Assistance (Fannie Mae)Small Business ReliefSBA Economic Injury Disaster LoansSmall business loans up to $2mil3.75% int rate for businesses | 2.75% for nonprofitsDenver Small Business ReliefDENVER RE TRENDS - please note you should watch Seattle, as what happens there will likely come to Denver and Colorado SpringsPulled data for detached/attached homes within 6 miles of a client property in Sloans Lake$350-$500KMore properties went under contract in past 5 days than in two other 5 day increments we recorded (11-15, and 16-20 days out)35 of those were on the MLS for 6 or fewer days$500-$700KSimilar to above, 5 days out is beating number of houses that went under contract 11-15 days out and almost the same as 16-20 days outCitywide: 2.4 homes were falling out of contract/day in March. 5.8 for Feb. 2.7 for Jan. $800-$1.2Mdown from 5 day increments before, but not significantly and a small data set

All you have to do is 1) pay to have a quit claim deed (cost varies by state and county - check out the county’s website for more info), 2) submit a notice of change of ownership to each tenant/unit in the property, and 3) inform the tenants to start making payments to the LLC instead of you.

., presuming closing the investment property purchase can be completed remotely as the companies are claiming, the odds are in your favor.