I would suggest that you check out our local real estate investor groups.

In terms of building this team, a suggestion was made that I should have a good team before going into deals.

Although there are still challenges (as with most older towns) things have been steadily improving for many years now - most residents love the place and are excited about the many amenities & general direction of the area.I would love to find a local wholesaler or other sources of good deals - any suggestions on where to look? 

I'd suggest joining the local REIA, the Bluegrass Real Estate Investors Group, They have regular monthly meetings.

If you don't want to (or not ready yet) to go self-directed route, do as Mindy suggested and rollover your 401k into Vanguard IRA and invest into one of their index funds.

What do you all suggest?

Yes, it can be used for it, however, I'd suggest investing otherwise and supplementing.

I've linked it below:Niagara N2517CH Sava Spa 1.75 GPMSaving money is nice, but everyone from yuppies to hippies likes saving the world- I suggest letting prospective residents know that you have water-efficient appliances(after you've installed them of course,) most people like being eco-friendly, so you can turn it into a selling point for your apartments. 

I wanted to share with you guys my financial position and some of my goals so I can then ask you guys how you suggest I proceed.First of all I turned 27 years old this June and live in Moore Oklahoma.  

Any suggestions would be much appreciated.