You could roll over the 401k into one of these products and avoid the 10% penalty?

Although these were specific commercial lines of credit on one year roll overs.. but five year call is the same thing..

Also, it will give you a chance to do a walk through with your original tenant and make sure there aren't any rollover damages from the original tenancy that the new room mate may not want to be responsible for. 

This allows the individual to make  Traditional or Roth IRA contributions to their own IRAs based on their spouses’ income.Transfer/Direct Rollover From Another IRA or Former Employer PlanFunds from other IRA or former employer plans can be transferred to the self-directed IRA. 

You could rollover your old 401k into truly self-directed Solo 401k plan, and then invest in real estate under your 401k.

So long as funds are going directly from plan-to-plan, you can transfer back and forth with great flexibility.It is unusual for a former employer 401(k) to accept new inbound rollover funds, however. 

So, assuming I understand correctly, my father and I will each owe capital gains taxes (~20%) of ~$20k.Instead, it seems like I might be eligible of using the 1031 exchange to roll over my 1/3 (~$165k) into the purchase of another property.   

most leases roll over to be month to month automatically if a new lease is not signed, but if month to month a 28 day notice is required, tenant must still pay for the time they are still there. when a tenant is M2M the landlord may choose to not renew for any reason or no reason at all, many tenants dont get that a lease works both ways, its an agreement between both parties. 

I cannot add to the account at this point, it was a rollover from a previous employer.

We were both going to rollover our retirement accounts from our old jobs to the company that holds our new, current retirement accounts.