struggling with this decision

[Jason Jones]

I have worked in corporate america for over 15yrs and investing in real estate part time since I was making $70K on job... Well, I recently lost my job now finding another one is so painful and stressful that I really want to do real estate full time. The problem is i have about $2500 in the bank and $130k in 401k . I was think about liquidating my 401k which after taxes and penalties would net me about $95k and buying 4 properties I can rent out for $500 to $550. By my calc that would give me a 12% IRR over 5yrs considering about 1.5% appreciation. and would give me $22,600 before tax cashflow that i can live on and reinvest with.. I have been struggling with this decision for weeks..