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that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken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

@Paul SandhuMy parents owned a small resort in the Catskills when I was a kid...you just summarized all the things I accidentally saw as a child but didn’t process till I was older.

I have a cousin that lives out of state whose parents that live in Detroit passed away. 

What kind of policy do we need for the parent - general liability is useless as the parent doesn't own anything other than membership interest in the subsidiary. 

JV with my parents! 

I am fairly sure you can't get a loan and you can't sign many (or most) legal documents without a parent co-signing.I got started in real estate at the age of about 13 by doing maintenance for 135 rental units owner by some of the richest multi-unit investors on the east coast.

Student debt along with a generally more frugal nature could keep them away from the McMansions of their parents generation.

I wonder how parents would answer those same questions.

I am contemplating buying a co-op with my longterm girlfriend with whom I have a child.

Was leaning towards putting both, as at the very least, both are agreeing to the rules stated in the lease and there is no excuses.I think we will ask for co-signer, as its the parents of the applicant with good income/credit, just more protection.