So to me if you live there and know construction very well you can protect yourself.. 

Lenders often want to see a mitigation plan that is approved by the state or local regulator and sometimes want a lender insurance policy to protect against property damage and personal injury claims. 

Bottom line- Professionals in the business are protecting themselves when they venture out.

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.

But there are still a ton of players.. and hopefully this will be short lived.But its really going to affect those who provide rehabbed rentals to the open market if that credit dries up..