What I have found is that most people that ive reached have received some type of direct mail marketing peice from investors recently or in the past.

Which I underst but we was living rent free,carnote free that was all in my plans to continue to save to buy rentals.but eventually the rant got the best of me an so on dec 24 we closed on an property that is our home now that we got for 108k the idea of seeing my wife an kids happy was great but I cried down inside of the idea that the 9k I will be spending an year now on mortgage could have been put into the REI account but the family got the best of me.The propety at 15k is now rented for 565$ an month I have tenants an have received 2 rent checks so fair an the feeling is great.

I assumed (this has always been the case for me in the past) that when buying a property mid-month that the buyer would receive rent in the pro-rated amount for the number of days remaining in the month of purchase after purchase date.

To purchase a $320K property, you would need to have a minimum of about $150K in the plan.As @Darren Eadynoted, any future expenses associated with the property would need to come from the 401(k), so one always wants to be conservative when maintaining semi-liquid reserves within the plan to cover any unexpected costs.That said, the ability to leverage your tax-sheltered retirement dollars into a secure asset such as real estate, and receive a higher cash-on-cash return for your invested 401(k) funds is a great strategy when approached the right way.  

You have to have a contractor present the list of upgrades to the lender prior to receiving the loan, so your lender will have to approve the use of funds.

Here is the post        "I received a very unprofessional handwritten note from "Lamont Jones" expressing interest in buying my "property in Lynchburg, VA".

I don't know the rental market in the area that well, but I put an add on CL for $800 and received 9 responses in 3 days. 

I receive a w-2 and 10-99's at the end of the year.I am trying to figure out how I can stock pile cash that can grow tax free AND be used as collateral to purchase more Real Estate. 

I have been reading about different types of strategies, contacting landlords, asking if they would like to countinue to receive the rent without dealing with the tenant ad maitnence issues.

Then, I received my RE license to learn more.