Then these are applied to all properties in that area of the city.

So the advice on what to do with $20K doesn't quite apply. 

For additional context, here’s a snapshot of our financial situation:We’re paying the mortgage on our primary residence.We have one car with ongoing payments.I anticipate it could take up to three months to find a new job.I’ve already applied for unemployment benefits (in PA) and am waiting for approval.I’d greatly appreciate any advice or insights.

Even in the US when you have a mortgage, you should have a profitable investment if it satisfies the 1% rule.The 1% rule is generally applied to long-term rentals.

Well this will apply to your RE LLCs…A new law was passed back in 2020 which has not been on the radar for most business owners.

Some background on me - I went to college with a degree I thought I was gonna use, thought I wanted to apply to PT school, but soon after I graduated I had a massive change of heart and decided that I no longer wanted to pursue that route anymore because I felt my future was so much brighter than to be stuck working day and night in that kind of profession.

Selling point was the old lady won't be there forever, and I'll get a great increase and stabilization laws won't apply after she's gone.

It does not apply to someone in the early stages of their wealth building journey.

Apply it fairly, but stick to it.

Any excess proceeds not applied to the investment portion may be taxable as "boot."