To purchase a $320K property, you would need to have a minimum of about $150K in the plan.As @Darren Eadynoted, any future expenses associated with the property would need to come from the 401(k), so one always wants to be conservative when maintaining semi-liquid reserves within the plan to cover any unexpected costs.That said, the ability to leverage your tax-sheltered retirement dollars into a secure asset such as real estate, and receive a higher cash-on-cash return for your invested 401(k) funds is a great strategy when approached the right way.  

I just have to figure out how best to approach the expensive city of LA.I can help anybody here with questions about cabinet making or kitchen design.

You might go for the fireworks stand approach.

Whats the strategy and best way to approach a tired landlord?

If I take that same approach here, I am sure that I WILL be sitting on the sidelines.

The direct approach (asking) demonstrates your ethics and as the variations are typically "fill-in-the-blanks", I would venture you would get the consent.

A seller has approached me about buying her house.

IMHO, a more effective and longer term approach is to work with local trades and businesses to hire and train local youth to rehabilitate distressed properties and reintroduce them back to the community at affordable prices.

So since i am new do you think it is good to purchase properties that are  distance away from home. i know its very expensive where i currently live but i also checked out homes from different city and states and there really cheap. i wanted to take approach on these opportunities.

Any ideas on how to approach?