Thank you for your responses in advance.Al MoffaStella Properties LLC 

I started off with a duplex in 2017 and now have a solid portfolio of rentals.

appreciate your response.

In exact same situation except only looking to spend <150k as this will be my first property looking to use it to learn the process of buying a property before moving on to multi families etcWould be interested in any responses or if you found anything out

There are a lot of good responses here - one thing I would like to add is that you are going to pay the taxes on the 401k regardless, so we are really only talking about the 10% penalty and the timing.  

My response is all over the place, but hopefully, it will help you get started.

you might find something solid and break even for years... so i just don't see how cashing out your 401K would be a good idea (or borrowing against it, not sure which you're thinking of.)  

@Anna BrownYou recently created a post about raising capital for your real estate investments.If you work with a CPA - you want to work with a professional who understands debt and equity agreements with investors and what you are responsible for doing.There are a couple of CPA's within Biggerpockets.

You can get good cash flow and solid appreciation at the same time.

I was told the owner would not accept an offer less than $200k because we had floated a VERBAL offer first of $165k & that was the response we received back😀.