Hope that makes sense how I am describing this. 

@Jackson Roberts Prices are often described various ways in stores and real estate: retail, wholesale, discounted, rock-bottom, whatever-that's just blah blah.

What you're describing is just a contractor/investor relationship.

What you describe would likely result in providing you with benefits... you should never be involved in the same transaction with your 401k if you wish to stay out of trouble, here you will find lengthy discussion on the same topic with a lot more details, hope you'll find it helpful: https://www.biggerpockets.com/forums/51/topics/527...

I hope that makes sense how I am describing this.Try doing some research on that strategy to see if that is better suited for your scenario.

hi Al, I am currently working on a similar project to what you described.

You are the only one on this forum who ever described be as kind!  

The properties are both vacant and located in what I would describe as a C area. 

@Rachan MalhotraA provision of the Tax Cuts and Jobs Act of 2017 provides that retirement plan participants who have certain qualified plan loan offset amounts have an extended period of time to roll over these loan offset amounts, as described on page 8 of the Instructions for Forms 1099-R and 5498.

(Please note: I’ve essentially described myself, therefore I am heavily biased.)