So I’ve finally made the choice that I will not be attending college and rather just work and save up for my first rental property.

Brian is right on; Marvin Integrity is an excellent choice - it's firber glass, which is superior to vinly in many ways.

Where do you see markets and assets that are of "like kind" where you have the choice of 40 units renting at $500/month or 20 units at $1000/month?

We also have the capital to build without having to borrow. 

However, I can "borrow" from my 401K to invest in real estate and then pay myself back with interest.  

or do you like to meet them first before talking numbers i see pros and cons in both choices which method do you prefer and why?

if you borrow the money off your house, what would be the return after you service the new debt?

This is the message from Wells Fargo:"Purchase contract shows that buyer Nina Ibrahimbegovic (non-borrowing spouse) is the buyer’s agent and is employed by the listing agent company Charles Rutenberg Realty.

Because of all the government buildings in Richland (USC, State Gov't, Local Gov't, Fort Jackson), the assessor has no choice other than to tax the landlords into oblivion.

Just make sure if you do this that there is nothing else owed to satisfy the lender.If you pay just what is owed and he transfers property to you for the current mortgage (subject to his mortgage), the lender would have to approve you as the new borrower.