Airlines have suffered a collapse in passenger traffic and are barely scraping by even with massive government assistance.

In this structure, the Company level LLC would participate in the deal essentially as an LP but maintain majority voting rights, while the GP level LLC won't technically be investing any money in the deal, it will be wholly owned by the Company level LLC, and will be involved in a management capacity while collecting fees and promote.

Duplexes are barely being posted on the MLS for sale, seeing one or two per month, and does not appear there are many off market per agent.

I want this to be my first rental investment but to be honest my brother is not financially savvy and I would probably end up do all the work and he would just participate in the upside with any help.

My great uncle in Scotland built the same thing with his bare hands and four sons.. of course I'm not quite going that route but sure am inspired!

My great uncle in Scotland built the same thing with his bare hands and four sons.. of course I'm not quite going that route but sure am inspired!

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that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken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

@Jim FangAssuming that your plan allows participant loan - you can borrow up to $50K or 50% of the balance, whichever is less.

After running four square numbers for a 310k purchase we show a 6.5% Cash on cash with very conservative rent of $2600 total and 2k for "rehab" (though we aren't planning any rehab) If we claim to get the neighbor's rent levels then its 14% Cash on Cash, this is just barely the 1% rule though.