But in reality you might just want to think about using a standard savings account And taking a hit from inflation on the cash because the delta from the higher interest account to the regular account is not really that much on small amounts.

You have to evaluate if the borrower first has the ability to pay, then do they have the willingness to pay. 

Many people choose NOT to have this, because the administrator will then vet every investment you make to ensure you do not invalidate your IRA.Invalidating your IRA means that you've done a prohibited transaction and the entire account is then deemed as distributed to you.If you don't want checkbook control, then I recommend a plan administrator such as Equity Trust - www.trustetc.comIf you are sure that you're aware of all the rules around prohibited transactions and disqualified people (who you can and can't do business with), then a plan administrator like Sense Financial would be a good place to start talking.  

I am not sure if I would make the same decision today.However, if you think you can purchase real estate and have a SIGNIFICANT delta as an investment, I would not cash out the 401k now to buy real estate. 

The gold color of Delta faucets, in particular.

Then the lender would say that house is worth X% of the loan.

BF it, live in it, then leave it!

What starts out as a delta ( wrapping the underlying and taking in the difference) started to break down ..

However, there are ways to leverage SBA loans so they can buy a new primary and then look at their current property as an investment property and secure a DSCR loan to redevelop and rebuild.

Financially it only makes sense to invest remote if you have a sufficiently large economic delta between the market you live/work and Milwaukee.