2)  If I do a roll over from my 401 K to a traditional IRA or a self directed IRA, there is a 60 day period for the roll over, right?

My understanding is that the rollover amount would also be taxed if we went with a Roth IRA but the Traditional IRA has tax and other disadvantages of its own such as the minimum disbursement requirements.Any insight about this situation would be appreciated!

money would be coming from a 401k rollover

You could roll over your Roth IRA into a self directed IRA (tax free), and use the self directed IRA to purchase rental properties.

@Scott Jensen  After several interviews/phone calls with some of the companies recommended here, I ended up just rolling over my employee sponsored Vanguard 401k plan into a Rollover-IRA with Vanguard. 

Invest in real estate - roll over the proceeds from one property into another using a 1031 exchange.Anytime you have someone elses hand in the pot - the money has a way of moving from your pocket into someone else's pocket.

Company stock: $200K, liquidate at approximately 80% net yields about $160K.Rentals: $220K refi 80% of the equity yields about $170K net.Cash is cash: $60K; same for sale of house $100K.You can't roll over your retirement until you separate, and then you can't live off it but can co-invest with your IRA.

So between my wife and I we have both traditional IRA's and Roth IRA's, the main one being a traditional that is from a 401(k) rollover from my wife's previous job. 

If I did a SOLO401K Roll-over of say 100K that would normally be counted as Ordinary Income Tax (I think).

One is an employer contribution account and the other is a rollover from a previous employer.