Options for my S401K

[Jim Brown]

I recently started up my S401K and would like to utilize a portion for Real Estate investment.  I would like to start relativly small, around $50K.  Participating in crowd funding has it's appeal to me but not being an accredited investor, I think that option is off the table.  I've been working putting my flipping team together.  I already have an agent on board, contractor, attorney and title company.  From what I've read, I'm not sure using the funds from the S401K would work for this scenerio since technically I would be running a business and be subject to UBIT.   I would consider lending to other flippers but with the amount I'm looking to get started with I think the best I could hope for is a 2nd position loan and I don't feel the potential risk involved outweighs the pontential for profit.  Any recommendations to get started slowly?