Let me know if I can answer any questions, or provide any assistance in Bryan College Station area. 

The money that are left after paying taxes and penalties (depending on your tax bracket you may end up paying as much as 40-50% of the amount you pull out) now becomes your personal funds and you are free to use them as you wish, including purchasing commercial real estate. 2) You can rollover your 401k into self-directed IRA (or Solo 401k if you are self-employed).

I should have introduced my self sooner but, Everytime I sign on I get caught up in reading something that catches my attention.

sure thing.your developer/buyer/builder is going to need to pay out side consultants to prosecute the subdivision plat.. this may include among other things the following depending on jurisdiction:survey workengineering worksoil  testinggeo tech reports.city and state applicationsetc etc.. you want it in your contract that when this developer pays for these items.. that they are also your property.. in other words if he does not follow through he hands them over to you.. because these items are the property of who ever hired the consultant you have to specify in your contract that the buyer if they don't go through with the deal will hand this stuff over to you.this will help U resell if needed or prosecute the map your self without having to pay for these things all over again.

Here are a few links to help you out. https://www.ada.gov/service_animals_2010.htmhttps://adata.org/publication/service-animals-booklethttp://www.humanesociety.org/animals/resources/tips/assistance-animals-tenants-rights.htmlhttps://www.biggerpockets.com/renewsblog/2015/03/11/emotional-support-animals-waiver-no-petpolicieslaw-say/

One of the interesting side effects of (successfully) owning and self-managing a bunch of your own local rental units is that friends and family may ask you to manage theirs. 

However, you may potentially be subject to self-employment taxes. 

I also have a self directed 401k set up with my company that I then i tend to invest in underperforming secondary notes through my self directed retirement plan.

Better yet, contact the local landlord association and see if they have materials and mentors that can assist you.  

Elizabeth,Sorry I'm not very active on BP, but if you still been help I'm happy to offer whatever assistance that I can.