I'm looking for guidance on potentially using funds from a SIMPLE IRA to convert to a ROBS 401k in order to access for a fix and flip opportunity, and whether this is a viable approach along with pros and cons.Thanks!

You can always make any decisions related to your IRA's asset.

Safer to have the funds in the solok vs IRA and you can contribute more per year. 3.

@Robin Cornacchio  Theoretically you could but your ira doesn’t have any credit so nobody will likely extend credit to it. 

Regarding your questions about IRA LLC.

I'm not saying that I favor this over buy and hold rental properties, but this seems to be a great solution for reinvesting an old self directed IRA that I have.

Considering I already owned the home before, I rolled over the IRA? 

If it actually goes through, my plan is to use this money to fund my Roth IRA after I recover my basis.How much do attorneys typically charge and who pays?

I only have about 2 grand in savings, 10 grand in stocks/roth Ira/401k, and credit score of 760.

Is a self directed IRA an option since it sounds like you have a large amount of funds in a 401k6.