Is he employed?

What is the employment outlook? 

Please note that you are obligated to pay back their 401k (regardless of the performance of your real estate investment).Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).If you are self-employed with no full-time employees & you can rollover the funds, you could set up a Solo 401k, rollover the funds and take a 401k loan from the Solo 401k.

That's 3 trillion a year and encompasses many different industries that employ a very large perecent of Americans. 

Solid military employment base--and healthcare.

@Anna ReisBorrowing from a 401(k) to do a BRRRR deal likely would not be beneficial.Establishing a self-directed IRA or Solo 401(k) would be possible if the 401(k) is from prior employment and therefore accessible to be rolled over to a plan of your choosing.  

If you choose to invest in a new market out of state, you need to do research based on the location you choose, big criteria like economic condition, population, rent and price ratio, taxes and employment situation, and you should not ignore small criteria, like safety and crime rate, public transportation, neighborhood, environment and weather.

Especially when shes blaming employer, severance and every other excuse you can think of.

If you can afford that increase in payment, are secure in your employment, or even are secure enough in not receiving rental income in the event that your tenants do't pay. then go ahead and make the investment. 

SB 392 – Effective July 1, 2019 This bill requires at least one person employed by the Division to be a certified public accountant or have training, expertise and experience in performing audits.