Military Deployment Orders / PCS:The Servicemembers Civil Relief Act (SCRA) is a law that is intended to help protect the legal rights of members called to active duty.

Please note that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.

If you did a full 1031 exchange then you neither received boot in mortgage relief or cash. 

Please note that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.

Example: if you buy a truck (or anything, for that matter) for $40k and completely write it off, and you're in a 20% tax bracket (just for an example, not a real bracket) - you would get a $8k tax relief.

@Derrick GrahnToday was the Inspection day part of due diligence.I used Chad Cooper from AZ property inspections, the Inspector came out this morning and we walked the inside of the units inspecting under sinks, closets, A/C for cold air, Bathroom, water heaters, attic space, roof, main on/off outside water valves, washer & dryer rooms.Inspector recommended that I have the sewer lines scoped and because of the age and the property is on a septic system so it must have the system inspected by an ADEQ certified and qualified Inspector.none of the water heaters have on/off valves or Temperature/pressure-relief (TPR) valves which he said they should. he found some mold in two of the units because of 2 water heaters.

Those affected by the COVID-19 pandemic can now apply for financial assistance from Escambia County.The City of Pensacola and Escambia County are participating in the Coronavirus Relief Funds made available by Florida Housing Finance Corporation.The county says approximately $813,451 will me made available Tuesday Sept. 1 to help eligible applicants with rent, mortgage and/or utility assistance.The expenses must occur between March 1 through December 30.

The way things are going it is going to be very difficult to evict anyone during this Covid-19 pandemic but some relief may be coming to landlords by the way of local/state or federal legislation.

This has been a huge undertaking, a great, but challenging learning experience and since we are finishing up the big ticket items is finally becoming a huge financial relief.  

Another possibility is that the bank may not immediately act on the relief to go forward with a foreclosure because they believe (with new information and some funds on the debtor's behalf) that they are better off working out a modification and then it doesn't show on their books as "un-performing".