If the rental property is held by a sole proprietor LLC, Adam gets the same rental expense deductions on his tax return and the tax liability on his rental income is passed through to his personal tax return, unaffected by the presence or absence of an LLC.

The LLC will help you to break your portfolio up into little compartments that are insulated from one another, so if something goes bad with you can can write that part off and have the others largely unaffected.   

The surf class/ poverty class is in large part unaffected, there existence is subsidized right, none of the 87k auditors is looking at them, no. 

However, as I mentioned it's regional and most people are unaffected.

It is good to chose the path they feel is in their best interest via "wording" while making sure that my bottom line ends up unaffected. 

They say that cash flow somehow makes them magically immune to any downturn as if their tenants and their cash flow especially in lower end markets (where cash flow on paper looks the highest) will somehow be unaffected ... rent doesn't go down in a recession, it stops ... not all cash flow is created equal, and quality of cash flow in this case is more important than the quantity. 

@Russell Brazil if they, say, move to Los Angeles (long shot but a guy can dream), most folks agree that it will be in the little suburb (where I happen to live and invest) of Santa Clarita.Yes you are right that Los Angeles as a whole would largely be unaffected, but this would be a big win for Santa Clarita.And I imagine it'd be a similar story wherever they locate the second HQ.That being said, I think taking advantage of something like this requires familiarity with the specific location the HQ will be located and is not as simple as, "Oh they're moving to Indy?  

Assuming My State job is unaffected by COVID-19, does anyone know if I can qualify for a hardship withdrawal based upon also being a real estate investor impacted by COVID-19?

If some other position/entity forecloses, the first position is unaffected and preserved and they get to foreclose so, they get nothing in the junior lien foreclosure.

1) Eviction moratoriums, even people who are still working and unaffected by COVID are not required to pay rent due to our idiot Governor.