Finally have foot traffic and hopefully will be rented out by end of Aug.  

I am renting to a family with a child (4yrs old) for the first time and am getting a lot of conflicting information as to what needs to be done.

With two kids, investing passively might be a good way to get your foot in the door without having to deal with all the work.

They were having us basically act as GC on MAJOR projects (like replumbing a 4 story building that has lead and asbestos which was a $1.2M project cost) and when I started putting my foot down and tell them I am stuck because they didnt want to pay for certain necessities like plans and permits and when I put my fee on their capital budget now all of a sudden i was too expensive.

Hi,I own a Duplex in North portland, and each side has a finished upstairs with 1026 sq feet, a 726 sq foot unfinished basement, and a 300 sq foot garage.

Start Small and make your big mistakes Early.Deal breakers- market, finance, zoning, footings, road type, water/sewer availability, Storm sewers, Storm retention ponds, over Analyzing, too Greedy.

The numbers look good but the property only has 1350 SQ feet total which makes this property 207/SQ foot when the average SQ foot price for the area is 135 SQ foot.Will this cause a problem for building future equity and refinancing in the future with the SQ foot price being so inflated? 

The LVP we bought at Ollie's (a discount store) for $1.38/sq foot with built in underlayment.

There is a parent-child exclusion that can be used to stop the property from being reassessed when transferred to a child, but it is not available for property in entities, and not available if you were to buy out your sisters. 

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that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken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