I am a baby investor, actually. somewhere around the lifting-up-my-own-head and the able-to-roll-over stages.I'm moving down to around Austin at the end of the month.

Also, can I roll over my employers 401k to a self-directed IRA?

The RISKS with leverage, are when you have tenant roll-over, a bad market, have personal issues (lost job, etc...), this increases your RISK/LOSSES as well as increases your potential gains.  

That money is on a 5 year amortization so your payments will be high each month.When you leave employer you can roll over your 401k to a Solo 401k with checkbook control.  

. - Rent raises do rollover !

If you rollover into a SDIRA, then any profit would have the tax advantage of an IRA.

Does anyone know of bank(s) that are familiar with the 401K ROB concept?

@Neel ShahAgree that you need to be self-employed in order to set up a Solo 401k.Even if you do, you will likely need to quit your job if you want to rollover money in your current employer 401k.

I am self employed and I was thinking about opening a solo 401k to roll over some money form a previous employer to invest in real estate rental.

For example if you want to roll over 401k pre tax funds, you would obviously want to open a traditional IRA.