If the property is very profitable, you are in a financial position where you do not need to cash out, and a sale would trigger a large tax that may be a great choice.

(Actually, I meant to say: either choice, but please...)...

UGA is a great choice. if you're looking for a great deal in the Athens area then we could talk sometime.

Those funds however will not be available for REI, you can only invest in what investment choices your plan offers.In addition to that you can contribute to individual IRA, the limit is $5,500 for 2015.When it comes to 401k - it is an employer sponsored plan and unless you own a small business or self-employed, you will not be able to set one up. 

Nicholas,Just .02 on the property choice.

The (2) agents are always out of the office finding new deals to place in the pipeline, their work ethic is hard to find, they make it their job to find new clients daily and the thing that makes them different from others are that they are willing to do things that others cannot.Hopefully out if this session you realized that with out the first (2) choices the only choice that you're actually left with to really Acquire  money to start Investin, is with hard work.In any event I am an All Cash Buyer in the NYC area.

Think about the odds of that for moment.Secondly, you'd need a listing agent asleep at the wheel that's going to let you tie the property up hoping to find that buyer mentioned above, and not realize that you have neither the ability nor the intention to actually buy the property yourself.

As to your choice in WHERE to begin focusing on REI,  these are the things I would look at:Where would you LIKE to live?  

Your choice whether to take the advice or not.  

@Eric SchraderIf you are eligible for a Solo 401k plan, that may be a good choice for your needs.