Sounds like we are immune for 3 to 6 months.Next year 2021, I expect to be a banner year for the economy. 

He's the epitome of a slum-lord who inherited it from the parents & the place is in dire need of maintenance, yet he seems immune to code violations.Most of the little strip motels (there were many) have been forced into bankruptcy/foreclosure by a deluge of microtels that cropped up 2016-2019, then Covid hit, so most have 90% vacancies.

Traveling the country to meet with specialist and to find the right way to stabilize his immune system was the biggest challenge.

Austin was not, is not, and never will be immune to the downturns in global real estate markets. 

So its not immune like any other real estate..

Just like any other asset class retail is not immune to buying the wrong lease structures, wrong location, wrong tenant type, etc.

Are these immune from regulation? 

I just wish the tables could be turned and these tenants that are commiting all kinds of crimes beyond just overstaying would finally be facing charges like fraud, extortion, terroristic threats, assault, etc...you know, the kinds of things that landlords get threatened with when they want to throw the book at one, but somehow tenants seem to be immune from.

Only robots are immune.

*IF* you believe an LLC will keep you immune from litigation or losses that's one thing.