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that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken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 don’t see many clients distribute real estate unless it is to live in it and that may also have some consequences.

But I haven't found any real historical evidence that any of the previous elections that actually directly resulted economic tsunami, perhaps with the only exception of Andrew Jackson who hated the central bank and national debt, and as a consequence, his policy caused a major land speculation bubble and subsequent bust and recession (one of the longest).

But it sounds like overall there's not much concern for major tax consequences.

Most new buyers don't ask for anything or worse they are ridiculous in their request.I’ve looked at turnkey deals from the more reputable turnkey companies and these days they are around the 0.8+%RV.

Just be sure to vet the broker/lender and make sure they are reputable and experienced. 

In any event, just make sure and get a quality inspection and have a reputable contractor look at it and give you costs. 

The more positive reviews you have on your listing, the more great reputation badges you will enjoy, which in turn leads to increased guest occupancy with higher rates.

Many first-time hotel investors can recall the same advice being handed down to them time and again: Acquire something with low risk and a good reputation, like a franchise.

Dan notes that I need to carefully consider the real estate tax consequences of selling given California's favorable Prop 13 rules.