Also, your employment status Will have a significant impact on your decision.

Maybe it could’ve been a blessing in disguise with the uncertainty in how working from home for corporations will impact real estate.I’m revisiting my investment strategy and thinking about how rental properties will be changed.

@Trevor Hatchard@Greg ScottKeep in mind that in order to take a distribution or loan under the CARES Act you must have been impacted by the virus in one of the enumerated ways & your current account provider must allow you to take a CARES Act distribution or loan.

It's an extremely impactful way to get started as you get your first property under your belt and accelerate your savings rate dramatically.  

If it reports a balance to the bureaus (check your reporting date, it may be different than your payment date), then it will negatively impact your DTI.

The CARES act may give you the option to effectively take a distribution from that plan and then separately roll that over into your SDIRA - assuming you can claim a qualifying impact from Coronavirus.  

@Kody KingYou would have to see the tax impacts on both scenarios and see which one is more beneficialScenario 1 - father sells you the property for $20,000Your day's tax implications depends on what his tax basis is in the property.

My question is does this impact deducting interest in anyway on this current property of any new property the cash is used for?

I'm finishing up Michael Blank's book: Financial Freedom with Real Estate Investing and would love hear if and how this book has impacted your investing career.

Plus you still have to worry about having someone above/below you which has definitely got to impact the price of the property.