this is a terrible deal from what you described

The challenge was simple, I just needed to figure out how to pay for them.Although I can’t explain it, after reading a book called “think and grow rich”, I applied these principals and well, I started finding money.At the same time, I met a future partner, other local resources and decided to really start pressing for more deals.Over the next several months, I went on what my wife describes as an all-out war path.

the way you are describing is the way that we buy all our properties.

2) If I did decide to exit before the deadline, there will be such a run-on-the-bank that my notes would sell at a huge discount (in addition to the loss of value described in #1).Maybe I should look at the silver lining and jump in and buy a bunch of discounted notes on Folio.Text of e-mail:A Message from Prosper and Folio InvestingWe are writing to let you know that as of October 27, 2016, Prosper will no longer offer the Folio Investing Note Trader platform, the secondary market for Prosper Notes.

I agree with @Bob Bowling  I like making money the easy way, not the difficult way described by the post ^above^.

I also added some additional comps that had the issue I described above.

If you bought the previous property in your own name, you may need to acquire the replacement property in your own name - however, as Dave described, you may be able to set up a single-member LLC - consult your attorney on this one.   

@Alex Zuroff, What you're describing is exactly a reverse exchange with one change - LLC B is formed by your qualified intermediary and owned by your intermediary with you providing financing for the purchase and controlling the property but not owning it or having a membership interest in LLC B.  

First off I will describe my situation as best as possible My fiancé and I are looking to get in to real estate. 

@Bobby Barlowbased on what you described earlier you want to use your 401k money for personal benefit (perhaps indirect, but you would be benefiting from it personally).