Our country and people have become accustomed to "agencies" and unelected officials making their regulations and rules that are in reality laws, and it is against what our founding fathers planned.

I chose a terrible time to get into real estate, and worse I have failed to prepare properly.

Just be sure if you invest here that you are set up properly for an entity and US bank account as an international.I can't really tell you how to look for cash flow and vacancies in India... you'd have to ask around people there to see if there are any places.

See it here:https://azgovernor.gov/sites/default/files/eo_2020-14_0.pdfI would contact your lender and tell them your hands are being bound by the state, and then also call your local officials and ask for protection for landlords as well.Ultimately, the hope is that lenders would offer landlords a loan forbearance, and that landlords will offer the same forbearance to their tenants

With that being said I am in search of an accountant for tips on how to properly utilize my business for tax purposes.

There is a way that since you took $50k to pay down the principle that you can have them “adjust” the loan (I forget the proper terminology they use), but it’s not guaranteed.

There are even some investors that reflip these homes with a conversion back to a garage.Don't get me wrong, if the strategy is employed properly, and you get real usable square footage out of it, then you can truly add some value to the property.

In this instance, the EMD was held with escrow, Notice to Perform was issued, the Escrow was officially cancelled and EMD returned. 

The people who are not over leveraged and have put the proper amount of money aside should weather this storm all right.

We are lucky that the government stimulus package will help us with the immediate expenses, but that is not all we can do.On our side, we have called the office of the president, our state reps in the Federal government, our state elected officials, even our local officials to add our voice to the effort and push for some relief (soon!).