Previously with other extensions involving natural disasters, the IRS has provided for a longer 120-day extension period but relief was provided only to “affected” taxpayers.

Just outsource it, I would not think the cost would be that extensive.

What did change, and what the public needs to know, is that the way Realtors are conducting business is drastically altered.

Is it better to sign a new set of contracts or extensions?

These are generally issued for a period of six months, but an additional maximum extension of 6 months can be granted based on the USCIS approval.That's great1 But how many times can someone do this?

But market rent, backed up by a lease is certainly fine.Cash is still considered valid to conduct business with and there is NO requirement to deposit cash in order to claim the income. 

Previously with other extensions involving natural disasters, the IRS has provided for a longer 120-day extension period but relief was provided only to “affected” taxpayers.

With your extensive construction background, do you think that a kitchen, bath, flooring, painting, lighting rehab would take longer and be more expensive than I am accounting for?

. $40 more extensive, and $50k for a full rehab. 

They will also charge closing fees and high lease extension fees.