@Gloria Cloud Vega This question was recently answered in another forum:https://www.biggerpockets.com/forums/894/topics/819716-mortgage-forbearance-questionSomeone posted this link to a podcast in which the guest did a great job of explaining the consequences of forbearance:https://marketingsnmc.wistia.com/medias/yqe9ybveytEntering into a forbearance plan should be a last resort if you really need it.

From a quality standpoint no issues if you use reputable manufacturer and GC.

The property still had more than 4 units and doesn’t qualify as a consequence.

My questions are...(1) has this happened to anyone else, (2) what were the consequences given it was not your fault and (3) were you able to find a suitable investment to avoid the tax obligation?

Info on CRD's: A Coronavirus-Related Distribution (CRD) of up to $100,000 in the aggregate for any taxable year may be made from all retirement plans in which an individual participates (IRA, QP, 403(b), or governmental 457(b)), if applicable.A Coronavirus-Related Distribution (CRD) is a distribution made on or after 1/1/2020 and before 12/31/2020 to an individual:•Who is diagnosed with COVID-19 or SARS-CoV-2 by a test approved by the Centers for Disease Control and Prevention;•Whose spouse or dependent is diagnosed with COVID-19 or SARS-CoV-2;•Who experienced an adverse financial consequence as a result of being quarantined, furloughed or laid off, or having work hours reduced due to COVID-19 or SARS-CoV-2; or•Any other factors determined by IRS/Treasury.If a CRD is taken by an individual, they will include the amount received into income, spread ratably over a 3-year period.

Not only does my reputation and previous deals mean something but how are you protecting your partner from loss. 

Some of the most reputable economist are saying we are at the 11th hour and may be headed past a recession and into a depression.

Partner with a realtor who knows how to work with investors and can provide you tools to find good deals to make more money faster, help you build a reputable team and be your eyes and ears on the ground.

Partner with a realtor who knows how to work with investors and can provide you tools to find good deals to make more money faster, help you build a reputable team and be your eyes and ears on the ground.

The letter must state the consequences of party's failure to attend the closing.