Though most figured some sort of market correction was coming, no one could have predicted this virus and everyone is suffering the consequences.

There is never a perfect time to do any type of investing, but taking a measured approach, you can protect your self from risk.  

I’m sure other people will as well.People don’t “always” form an LLC to buy real estate here in RI but from a liability perspective the consensus seems to be that a properly formed and maintained LLC is the best mix of liability protection, tax benefits, and simplicity. 

I finished off with a coat of clear matt varnish for protection.

Im wondering how I can purchase this property and protect myself from the liability of this spill ever shows its ugly face again.

Protects the consumer against unforeseen circumstances that prevent them from traveling, i.e. - pandemnic, and the property owners are protected from cancellations.

Because of the uncertainty of the market I pushed the envelope further to request an additional 5 year extension option with a higher interest rate to help protect both parties.

i think the issue is not all landlords are created equal. you have some very weathly landlord out here that keep saying all landlords should eat the loss, but many like my self cant eat the loss's. i probably make the same or maybe a little more the my tenants at my w-2. the only difference is they have nicer cars then me, and dirt bikes, and 4 wheelers, and snowmobiles, they go on more vacations then me, they go out to eat more then i. i spend that money on investing. so why should i be the one that suffers?

No city in the United States is protected to not take a loss from the COVID-19 recession.

My opinion in general is that regulation in general protects the scummiest of business people, landlords, etc.