To learn more about the 401k distribution rules, see the following. https://www.irs.gov/retirement-plans/plan-participant-employee/401k-resource-guide-plan-participants-general-distribution-rules

I see the mathematical logic and sense in leveraging my house purchases, but I LOVE the amazing feeling of not owing anybody anything!  

Hi All,I was analyzing a property(condo with HOA of $150), where I see the county is valuing the property at $39000.

@Lucas LeBlancTo learn more about the solo 401k loan rules, see the following:https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-loansAlso, following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k SimilaritiesBoth were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions;Both are prohibited from investing in assets listed under I.R.C. 408(m); andNeither may be invested in your own business. 

My thoughts right now are: try to network with top agents/property management companies to see the steps I could take in order to be a part of their team.

You can see the deficiency this will cause in the settlement if it is valued at face. 

I would absolutely tell the son that you are doing this by the way and that this decision is going to cost him money with an attorney, and that his future buyer is going to back out once they see the claim, no bank will loan on this property because there isnt a clear title.

I see the suggestions of REITs and publically traded offerings.  

The seller is an out of state landlord, so I can see the reason for wanting to sell the place which could give me some leverage.

I have had no personal experience, but from what I see the major reprocussions happen waaaaaay later than a couple of months.