Agreed with Bill though, you will just need to raise rents or put some work into the property to make it more optimal for a different type of tenant. 

If you take the owner's draw to move the funds from the LLC account to your personal account, then how does the LLC pay its bills?  

@Sian Cromer, You may find your tax bill a bit higher than you think. 

I have to agree with what Bill said.

My plan is to have the water meters installed by the city for direct billing to the tenants.  

Please make sure you are aware of these changes as outlined in HB 1236https://app.leg.wa.gov/billsum...

@Bill Zhou hi!

If you want me to act as stat. agent, handle the EIN, plus draw up an operating agreement (which you would likely need to get commercial financing) i would have to bill you out on that. 

@Eric James The original cares act applied only to properties with federally backed loans, the CDC order was broader, it applied for non-payment of rent if the following circumstances applied:income below 99K, lost significant income (or had unusal medical bills), and completed and turned into their landlord the declaration linked below.https://www.cdc.gov/coronaviru...

Tenant forgot to cut grass before leaving out of area I get a bill, Tenant car broke down and is in the yard while he works on it I get a bill, you get the point.