They shouldn't panic, but you never know.Finally, make sure you build in protections for situations where the covid-19 crisis might impact your ability to close.

The way I understand it - a realtor contract isn't assignable - so the "flippable LLC" would need to purchase the property and then sell the "flippable LLC" to the buyer to avoid a bank from forcing a 90 day wait period for the new owner to resell the property.

Had a lot of buddies stationed in Germany; Air Force?

Today you see how this will impact landlords.  

If I flip it quick say 30 days hopefully things subside by then and the buyers are back out purchasing, and the market doesn't get forced into a buyers market due to an influx of properties being listed.

This should also impact our plans on what we can rent (duplex and not accessory dwelling units) and the cash flow that I can get from the home.Also I've reached out to my current loaner and other lenders regarding my question for refinancing and buying as a first time buyer.

Luckily I disclosed when selling and it did not impact the sale.

NAR is also working closely with ALTA and MBA whose members are also greatly impacted by county closures of recordation services.Multi-familyNAR joined a coalition letter(link is external) representing for-profit and non-profit owners, developers and others involved in the provision of affordable rental housing.

Given everything that is going on in the world today, it is pretty clear to me that we are headed for a global recession/depression due to the economic impact that will be felt worldwide from the Coronavirus.Hopefully I am wrong, but the signs are pointing this way...So to be as prepared as possible going into these time, through and coming out the other side, as this really being the first recession I have gone through that will impact me significantly (as the 2008/9 one I was young enough and going through post secondary education that the impact to me was minimal), I wanted to lean on the experience of those that have been through one of more recessions.Here are some of the questions that keep coming to mind:Previous experience:- how did you protect your downside and mitigate risk in your portfolio and personal finances when you realized where the economy was headed?

Both cash flow and forced appreciation due to the streetcar extension.