@James R adunaKeep in mind that in order to take a distribution under the CARES Act you must have been impacted by the virus in one of the enumerated ways.If so, you can take a penalty-free distribution (as well as waive the 20% withholding requirement) from your 401k (assuming that the employer allows it) anytime between 1/1/2020 and 12/31/2020.

Your tenants must abide by the CC&R's and if they break those rules you are subject to fines that you must then try to collect from your tenants. 

He'll go out to the subject property and evaluate the roof.

Soon July 15th won't matter for when the subject property is closed.

The chances of them doing a short sale for someone who can afford the payments is between slim and none, and I'd take a wager it would be none.The better option is for the owner to sell the house to you on Seller Financing or Subject To.

Or would the $200k become taxable If distributed to Blue Capital LLC.To potentially get around this, with the $200k remaining in Property B LLC could I create Property C LLC and have that owned by Property B LLC 100% owned and manager-managed then contribute the $200k to Property C LLC to use as a 20% downpayment to purchase Property C.

(I know 'best' is subjective but I want to hear everyone's thoughts and why they like their strategy & believe their strategy is the recommended for the long run.)So far the most common one I know is to focus on sing family house, pay 20% down, and rent it out, and do it over and over again.

Or would the $200k become taxable If distributed to Blue Capital LLC.To potentially get around this, with the $200k remaining in Property B LLC could I create Property C LLC and have that owned by Property B LLC 100% owned and manager-managed then contribute the $200k to Property C LLC to use as a 20% downpayment to purchase Property C.

Maybe look for subject to's on the mobile homes.

I've actually been looking towards opening an Health Saver's Account and still currently doing research on the subject.