They all have equal rights to use/enjoy the property at this point.Also, again assuming all three are on the lease and responsible for the rent, all three are equally responsible for the payment of the rent.

All else being equal, many people would probably want to spread them out, however, let’s say someone loses a job this year who normally has extremely high income and their income due to COVID-19 for 2020 is negligible, this might be a reason to consider realizing it in one year versus spreading it over three years (where, presumably, you may return to high income employment in years 2,3 and beyond and may not necessarily want to bump your income in those years by having chunks of the CRD in there).  

So you have it backwards, if anything your MAGI will be equal to or higher than your total income.

For the first time since the pandemic, June rent collections in 2020 are equal to June rent collections in 2019This is definitely a bright sign for all investors, and hopefully a second wave does not set us back in the futureSource: NMHC

Risk management is as equally as important when you are selling options.

It sounds like you have some friends who all like the idea of real estate and some have gotten started, but if you are trying to band together to reach a viable dollar amount it will end in fights if everyone is not equally footing the bill.

All things being equal, a line of credit is usually more flexible than a mortgage.

Some would say it's working IN my business, but as far as I'm concerned, I am learning a LOT of lessons about the structural components of real estate, how the work is done, what material prices and labor costs to expect for various components, the scope of work that I hadn't accounted for, small details that are useful to know when looking at the next property, managing contractors and subs, taking ownership of shortcomings and finding creative solutions to tackle problems, and equally important; Having an absolute blast while I'm at it, fueling this passion! 

Please note that per the multiple loan rules, the amount of the loan must be reduced by the highest outstanding balance of any other 401k participant loan over the prior 12 months (regardless of whether such other loan is currently outstanding).Monthly or Quarterly Payments: The loan must be paid back in equal monthly or quarterly payments of principal and interest.Interest Rate: The interest rate is equal to prime plus 1% (or CD rate plus 2%) and is a fixed rate that is set at the time that the loan is taken.Term of the Loan: Five-year term unless the proceeds of the loan are used to purchase a primary residence in which case the term of the loan may be up to 30 years.First Payment:For monthly payments, the first payment that would otherwise be due is delayed until January 2021 (e.g. if the first monthly payment would have been due on May 15, 2020, it will be due on January 15, 2021).For quarterly payments, the first payment that would otherwise be due is delayed until the first quarter of 2021 (e.g. if the first quarterly payment would have been due on May 15, 2020, it will be due on February 15, 2021).EXISTING 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.If you meet the above conditions:You may delay making any 401k loan payments due between 3/27/2020 and 12/31/2020.You must commence making loan payments in January 2021 (or the first quarter of 2021 if your loan payments are due on a quarterly basis).If you elect to delay making such loan payments, the term of your loan will be appropriately extended.

Fair Housing Laws = Equal access to housing for members of protected classes Eviction = A civil judgement awarded in court to a landlord granting them possession of a dwelling unit on the basis of a lease violationYour best best in this scenario is to talk to an eviction attorney in your area.