OP you might research but I believe the Federal OZ program has sunsetted.  

Additionally it seems that even if the event is declared a Federal Diasater, FEMA would offer little if any assistance for Earth quake events.

And to his credit, Federal Reserve Chair Jerome Powell seems in no rush to cut rates with inflation above target level.

At one point Elon and Vivek talked about a 75% reduction in staffing of the federal government. 

I think their logic was that a family with 12 people (parents and 10 boy children) would have difficulty finding a suitable house with say 6 bedrooms.In addition to the Federal guideline, some local ordinances address occupants both tenants and owners. 

So, if I withdraw $60K, about 75.24% of that should come from contributions (since that’s how my balance is structured).75.24% of $60K = $45,014 → Comes from contributions (no tax or penalty)22.38% of $60K = $13,428 → Comes from earnings (subject to taxes & penalty)Taxes & Penalty on the Earnings Portion ($13.4K)Federal Income Tax (24%) → $3,219Early Withdrawal Penalty (10%) → $1,342Total Tax & Penalty: $4,562Net Cash After Taxes and Penalty Fee: $55,437The DilemmaIf I leave the money in my Roth 401(k), continue contributing $525/month, and earn 8% annually, my balance could grow to:$229,865 in 10 years$606,905 in 20 yearsBut if I buy the property, it could generate $15.6K/year in pure cash flow, plus appreciation.

I keep getting mixed answers I don't know why this real estate professional tax status is confusing to me along with cost segregation and bonus depreciation no matter how much I read about them If you qualify as a REP you can utilize those losses to offset your Income subject to Federal Income Taxes. 

Thoughts on ways to optimize this for federal tax purposes?  

SupplyLas Vegas is unique because it is a tiny island of privately owned land in an ocean of federal land.

For reasons I don't yet understand, if the property is sold I cannot take advantage of a 1031 Exchange and my gains will be taxed as income, which will be 35% federal and 11.3% CA income tax.