Everything can be passive income as long as you know how to automate.Now if you buy your houses with your own cash and the market crashes, put a tenant in there till the crisis is over.

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that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken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.

I had conversations with many lenders this year, and lending standards are much more strict since March, when the crisis set in.

We are in the middle of a financial crisis with renters oit of work.

But I haven't found any real historical evidence that any of the previous elections that actually directly resulted economic tsunami, perhaps with the only exception of Andrew Jackson who hated the central bank and national debt, and as a consequence, his policy caused a major land speculation bubble and subsequent bust and recession (one of the longest).

This new reserve criteria is due to the uncertainty of the current economic situation.  

I love that you have a degree in economics.

Although Boston is fairly diverse economically, the fact that most schools/universities are adhering to Baker's density requirements and doing a good portion of the Fall Term remotely, I'm not surprised that there is trouble renting units in the core. 

However, now we are looking to get involved with an apartment syndication. 2 of us attend Boston University (Computer Engineering, Real Estate & Finance) and 1 recently graduated Tufts with an economics degree. 

I personally:- Try to outsource as many tasks related to RE as are economically feasible so that I can rely on others' time.