In my experience, Sec 8 is a good source of income as long as your tenants know the rules and are given a clean place if you give them a dirty place your setting the standard for them.

Again there is no standard right now and will likely get more difficult in the near turn.

Exceptions are made for healthcare facility construction directly related to the COVID-19 response; affordable housing; public works projects when designated as essential by the lead governmental agency; shelters and temporary housing; projects necessary to provide critical services to certain vulnerable individuals; construction necessary to secure an existing construction site; and limited essential residential or business repairs.- Individuals may move residences only if it is not possible to wait until the Order expires, such as if a move is already planned or if it is necessary for safety or habitability.Direct link to summary of changes:https://cchealth.org/coronavirus/pdf/2020-0331-Summary-Superseding-Order-Changes.pdf

Rental Property owners in standard SBA 7a programs are not eligible.The reason rental property owners are eligible is because disaster loan programs are run through the SBA for small businesses and home owners in crisis like hurricanes and economic crisis.

I intend to update it to rent standards (all cosmetic repairs I intend to do myself-wish me luck) and live in one bedroom while renting out the other two.

I don't think their are any standard penalties for such a violation.

This let’s you take advantage of standard residential loans (which is what I do).Also, what is your cost to creating and maintaining a LLC?

I might guess the numbers would be similar to the number of Personal Property Appraisers that exist today who are by the way, governed in many cases by the same "rule book" of professional standards as Real Property Appraisers are, called the Uniform Standards of the Professional Appraisal Practice or USPAP for short.

I must keep my buildings up to the high standards I set for them, forget about government standards.

How effective will the FEDs lending facilities be at arresting the liquidity crisis?