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that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken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 am looking at purchasing a non-performing 2nd note on a property that is barely above water on the 1st mortgage.   

Better if I can crowdfund a build and participate in the profit of selling the enhanced property. 

When we were there today trying to figure out how our stuff would fit into the place we got a full scope of how dirty the place was: there was a bunch of dust all over the place, some stuff growing on the baseboard trim in the bathroom by the tub/shower, at least a dozen dead bugs and two fingernails around the den walls (haven't checked upstairs yet), weeds growing out by the back patio (which we are now responsible for pulling), and paint peeling off the trim in several spots some to bare wood. 

In the end, we all made money, but I took less than I believe I should have.All that said, now I would buy the property from them using a Participation Note and Mortgage.

I find myself not as interested in participating in the forums.

Many years ago, I was very active in a HOA Board of Driection and found that a lot depends on the management company and the residents who choose to actively participate in the HOA to assure that everything is being done correctly.  

In the 1800 house where wire very different (knob and tube wire), you might have bare exposed wires going inside the attic or inside walls from insulators to insulators, very old connections, etc. what if you have cardboard or a animal on top of this wires and you energize them, puff there goes your investments.

Bonus Depreciation can create net operating losses but only to off set other passive income unless you can prove that you materially participate in your rental properties.

Overestimating the level of sophistication of the average investor/participant in most spaces.