I had a joint client with them in houston/katy area that used them to good effect to acquire more BRRR assets.

If the seller lived in the house for 2 of the previous 5 years, $250k in capital gains is tax free if he is single, and $500k is exempt for those who are married filing jointly. 

All the more reason to go for deals with a healthy margin for error.

@Sean WilkinsonI’m not a lawyer, but according to https://www.cdc.gov/coronavirus/2019-ncov/downloads/eviction-moratoria-order-faqs.pdf there are requirements for qualifying.1) they have to try to obtain gov assistant2)they can expect to make no more than 99k (198k for joint return )3) loss of wages or medical bills4) making best effort to pay rent or partial payments that are close to full rent as possible 5) eviction would render them homeless as they have no other options (Consult your legal council on the following because I cannot give legal advice and I’m not a lawyer)You could put a minimum income on your pre-screening that exceed qualification thresholds if that makes sense for your property.Have them sign a form stating they have fallback friend or family housing in the event of job loss and inability to pay rent.

Or talk about specific deals, joint ventures and other opportunities?

Sure opened up a healthy debate and something we will ALL have to think about from now on.

@Ryan Taylor Sounds like a healthy profit coming in every month!

It's $12,400 for the 2020 tax year ($24,800 if filing jointly), so if your loss plus all other deductions / losses is lower than that amount, the standard deduction would likely be a better option.Regardless, I always recommend finding a CPA that specializes in rental properties.

Yes, it would qualify for an exemption of $250,000 for single filer and $500,000 for joint. 

The market isn’t healthy.