@Wesley Piard,  There's folks here who were buying stuff 3-4 years ago and getting a 4% rule on rentals.  1%, 2%, .5% is nothing more than a ratio between monthly rent and asset value. 

Then you can buy assets under the 401(k) - real estate included. 

That is legal in every state.there is one state if you do more than like 3 transactions in a year in addition to owning the asset you need a license or hire an agent.. and that is Wisconsin..

That is a 1.5% return on equity.With a little effort you should be able to easily get double digit return on equity. 

For instance, if the farm has "hot assets" (e.g. unrealized receivables, substantially appreciated inventory, etc) your FIL would have to realize ordinary gain from the sale and can't defer that through installment.A Sec 754 election needs to be discussed as well if you're buying out your FIL's interest but your BIL is staying on.A good CPA is going to cost you, but will save you far more than his/her fee by doing things correctly and efficiently."

This is essentially the step where the bank formally moves that asset from collatoral to actually owning it. 

Done properly, when you invest in real estate you can shield any income from taxes so the 401K advantages are minimalIf you are successful in growing your 401K's assets, you end up paying more taxes, not lessYou have much greater flexibility if your money is outside the 401K to do whatever you want with the moneyWhen you die your heirs inherit property at a stepped-up basis. 

A fund has to have at minimum 90% of its assets located within a qualified opportunity zone.

Our of state investors such as myself are interested in a long term stable asset from a reputable source versus looking at only cash flow.

@John Vu It can be harder to find cash flowing assets in Denver.