IRS rules prohibited any direct or indirect benefit for such person from his/her retirement account, and as such you are not allowed to furnish any service, goods or facilities to your 401k:https://www.irs.gov/retirement-plans/plan-particip...While in some instances it might be possible to get into an investment together with a disqualified person you must be very careful!

I am currently looking at purchasing a lot that currently has 5 leases in an apx 16,000sqft facility (all 5 leases could expire by 2020, with the earliest being 11/2018 and the latest being 2020).

At $1.2MM, there better not be much public improvement, utility, or private facilities required.- For something small like this, you're gonna need someone local who's more of a boutique developer. 

These people typically look for retirement housing that allows them to visit mom and dad in nearby care facilities, and they're also worried about aging in place themselves because they have firsthand experience with the problems of noncompliant housing.As far as I can tell, astonishingly, no one else is doing this in rentals in Pittsburgh, despite the obvious demographics. 

I am looking at making an offer on a distressed storage unit facility.

Russell mentioned Areas in SE DC where I know that businesses (and a big government facility) are moving into and had a gut feeling that this could be the next popular area in the city (the next Navy yard).

Most likely, I will not be able to view the facility/area before I move in.

I am looking to buy a single family house that has an existing assisted living facility business occupying and operating out of the house.

If you want to buy but have no interest in running an assisted living facility, try talking to other providers in your area to see if you can wor out a deal where they operate.

I am a retired military and currently working as a Facility Administrator.