For this you will need to check with your plan administrator or HR department.

JonathanI understand your pain Richmond properties are getting expensive but if you are willing to purchase outside of Richmond, and try places like Chester, Midlothian and chesterfield you will be able to find some greats deals...I just bought a 4BR house a week ago as primary home with no repairs and plan to rent two of the rooms out for $475 each.

In the expense number includes the following:  Utilities, Payroll, advertising, contracts, repairs and maintenance, administrative, property tax, and insurance.  

No to mention pain and suffering of hat in hand to the bank or lender.   

Painful, but equivalent to a Masters in RE.

hi moh. yes, i have experience with bidding on auction.com. they are ok. i hate to have to do the $2500 deposit too, but i guess that is their way of weeding out the not so serious buyers. i bought one house from them and didn't have any issues with closing. hubzu.com, however, are a major pain in the *** to deal with. i wouldn't buy a house from their site for a buck. even my attorney said to never buy a house from them. we attempted to buy one once and they were, in my lawyers words, " the biggest pain in the *** that i have ever dealt with". auction.com is much, much better

I have ~$150k tied up in this that I'd like to use for buy and hold residential but it feels like I'm trapped.Anyone have any creative solutions to end my pain on this one?

There are more ideas than that out there, this is  just a couple you could implement with low pain and no money @Brandon C.

Of particular note is a well-maintained 55,000 square foot glass and concrete administration building constructed in 1994.

They might ask you to get a verification from you lender, which shouldn't be an issue unless your lender wants to be a pain in the rear.