The way you phrased your original question threw a few responses off course.You can roll that old 401k to a self-directed IRA or (if you qualify) Solo 401k.The new plan can purchase real estate, and use a mortgage to do so.As I noted above, the mortgage would need to be non-recourse.In an IRA, there is a small tax that applies to the percentage of income generated to the IRA through the use of non-IRA (borrowed) funds called UDFI.The bottom line is that there is a mechanism whereby you can diversify your tax-sheltered retirement savings into leveraged real estate.  

However I thought maybe I should keep it Active if it was necessary to use if I go the hard money route.I know you can be sued for anything -- I phrased my OP poorly -- but is it common for the hard money lender to be sued?

As a Bucs fan, remember the phrase "pound that rock."

However the "general ad category" does not allow to put "housing" related phrase on the ad copy, but allows to target the location by zip code.

Get proactive about security.Once you start making an outward improvement, but up banners proclaiming new management, and include the phrase in ALL marketing.THEN reduce the rent in steps to find what price will get showings. 30 units @ $300 is far better than 30 @ $0!

   ( this excludes the "serious buyers" phrase, but I would be willing to bet that if they had $30,000 in cash they wouldn't be wasting your time).If there is a native spanish speaker that can perfectly answer this post, then great, in the meantime I hope this has provided some value. 

I like the phrase of the "golden rule" he who has the money makes the rules, approach to investing.

Mark, I really like 3 of your alternative classifications of newbies: 1. determined amateurs 2. apprentice investor 3. energetic participant I think they are much more appropriate, perhaps one or all of them will catch on and become the "new word/phrase" I persoanlly will ignore Mr polictically incorrect and really don't care about how wannabie should be or is spelled.

Read that again, though, and note the phrases “causes of stress.”

I like to phrase this to the tenant as a "property health check".