With the impact of COVID-19, I am now starting to question a flat fee selling commission vs the traditional MLS 4.5% to 6% real estate commission process.

I would try to segregate the expenses as operational cost as much as possible to create the rental schedule E loss rather than decrease schedule D gain for a better tax impact. 

The Class A development should not have a negative impact on your project.

However, if all 922 were foreclosed, what would be the impact?

Overall, this virus has impacted the timing of payments but I think we'll get through it fine.

Would you say impact fees (which are now exempt according to the new laws you mentioned) are a big chunk of the overall permit expense?

@Rick TurmanThe answer to your question depends a lot on whether the properties will be flipped or held as rentals.To answer some of your questions.Items in the closing statement can either be capitalized, currently expensed or has no impactCapitalized = building, etccurrently expensed = real estate taxes, home owners insuranceno impact = payments to escrowAlso regarding depreciating over 27.5, the whole house doesn't get depreciated(if you are holding it as a rental), you have to allocate between rental/land where land is no depreciated.If you are looking for a professional - you may want to go on extension and then interview some accountants post 7/15/20.

Look to Lawndale for impacted duplexes, Gardena and Torrance for value SFR’s, and Lomita and San Pedro for newer areas of speculation.

Those are big impact items that people can often forget.After that, I'd look at occupancy rates and how they'd differ between the two. 

So it can take maybe 9-12 months to have an accurate idea about how COVID impacts real estate prices.