I met a gentleman @ a meetup who mentioned he heard of folks switching from a traditional 401k @ Boeing into a self directed under the age of 59 1/2. 

The refinancing part is traditionally done with a bank. 

It still cash flows, I have nothing out of pocket, and can eventually purchase the property for less than what the market value would be.Notes: I have enough cash to do a traditional financing on this, but would not.

Are you pre-qualified if you are going the traditional loan route?

I am closing on my first rental this week, and I put 20% down and obtained a traditional loan from a bank.

Mike Reynolds again, I'm not a CPA, but here's how I understand it...After you get laid off, you can roll your company sponsored 401k into your existing IRA, in effect combining the two.Your Roth IRA will remain separate, unless you decide to re-characterize your traditional IRA.

Otherwise is too risky and no traditional bank will re-finance it.Best of luck

Assumptions $8,106.00 Take Home Pay Income http://www.taxformcalculator.com/tax/150000.html ($2,611.60) Student Loan 230k, 10 yr amort, 6.5% ($150.00) Minimum Monthly CC Payment I have no idea how to calculate this, so I put this number in ($648.36) Principal & Interest 140k, 30 yr amort, 3.75% ($187.50) Taxes & Insurance 1.5% of 150k house ($179.69) Car payment 10k, 5 yr amort, 3% $4,328.85 Total After Leverage   ($2,828.85) Monthly Spending Even after $1k groceries, $200 gas, $200 cable+phone?

Terms are not nearly as good as traditional mortgages and each bank may have different products.

They are for a partner doing a 1031 who is cable of closing in 45days or less.