@James FraundorfI’ve done it with an LLC where each member is awarded shares.  

@James Wise that's great advice.

@James De Stefano You guessed it; this is an off market deal my realtor knows.

@James Wise   Jim is there an eviction moratorium in Cleveland like 99% of the rest of the big cities in the US ?

Hi @James Hamling, I really appreciate your insight!

@James H Webb III thank you for sharing this!

First of all you want to avoid as much lawsuits by running your business properly.Second line of defense is to have proper liability insurance for most basic challenges.Then to protect yourself from ambulance chasers working on contingency, you want not to look as a deep pocket target: you can use anonymity in your structures (anonymous LLC, land trusts,...) , and also use some equity stripping by having big mortgage on the property to make them look less worthy.You also want to use some federal or state protection like ERISA retirement plans, life insurance, homestead, etc...Last you want to insulate your assets from each other to limit the risk to only one of them at a time.

@Matt Whitermore @Bob Obear @Marin Ivankovic @James Rolf @Joe SplitrockI am fortunate enough to say that I received approval on Part 3 of my application.

Also worth considering is cashflow is defense against market dips.Do you already have some rentals in the area?

@James DavidsonAssuming that you have been impacted by the virus in one of the enumerated ways and therefore qualify, you can take a penalty-free distribution (as well as waive the 20% withholding requirement) from your 401k (assuming that the employer allows it) anytime between 1/1/2020 and 12/31/2020.