I don't know all of the particulars of your situation, but based on a couple of possible scenarios, here are some suggestions:  1.  

I realize the potential cash flow opportunities (as well as possible headaches) in renting to college students.

This means that saving $15K is out of the realm of possibility for those people.

I live in the Seven Hills area so I am hoping to pick some brains and possibly meet some seasoned investors around the LV area.

Read into a few posts about house hacking, from what I understand that entails moving roommates in to pay the rent and possibly making a positive cash flow.

Get their info and possibly do some business with them in the future.My intentions for RE investing right now is to assign contracts.

Hey im a new investor in the Atlanta area just on here reading and learning everything possible right now.

One way or another, however, the investors must work to pay down loans, increase rents and decrease expenses wherever possible.

According to this, apparently I can contribute not just 20% of the profit, but possibly all of it up to the $53k/each limit.File a W-2 and W-3 for my wife's income (I'm not yet clear about how much income or what all gets reported on it).In-plan rollover of both of our "after-tax" 401K funds to the "Roth" 401K accounts (no extra tax owed).

To keep this as short winded as possible, just do it.