Your choice. 

*Any advice received is not legally binding as you are not my CPA or Attorney*OK. finally understood that you were trying to say. 

I feel the Roth IRA may be a better choice. 

;Roth IRA funds are not subject to requirement minimum distributions (RMDs);The fair market value (FMV) of assets held in a self-directed IRA is reported on form 5498;The fair market value of assets held in a solo 401k are reported on Form 5500-EZ;At termination, the solo 401k is required to file a final Form 5500-EZ and 1099-R; andAt termination, the self-directed IRA is only required to file a form 1099-R.

We have received funding from the Department of Housing and Urban Development for the Public Housing and Housing Choice Voucher programs in January and expect to receive payments in February.

I am 24 years old and will finally be graduating with a double major in Finance and Entrepreneurship in May 2019.

From there, I would filter down to the most motivated people who would take a very low price, perform a title search to check for liens and title issues, get a contractor to give a more accurate estimate for repairs and use that to refine my calculations, get the contract and necessary forms signed to secure the property and then finally market it to my buyers. 

They don't have to disclose flood zone here so you have to look it up individually, and some insurance companies have set up their own "surge" zones so either limits your choice of insurer or increases insurance costs in those areas.  

Also, I did the remodel before I finalized the purchase, this way I showed the owner that I was serious about the deal and ultimately, is helped me avoid having to get another appraisal.

The choice is yours on how you wish to go about it, I hope that whatever you decide works in your favor.