These subdivision cabins this far out from major attractions  will be the first to bust as demand continues to drop, and you’ll be looking at a 50 percent haircut if you need to sell to a doctor in Knoxville to live in.  

A seller of a loan has no duty to sell you nor take a haircut.

The question is more about why are you taking a withdrawal in the first place and if you are willing to take a 41% haircut, what additional poor financial decisions are you going to make in the future?

Give me some advance notice so I can lose some weight and get a haircut before I go on.  

I remain in the camp that there are solid justifications for going under 1.00x, including:-In-place rents lag market rent (most lenders will use the lower of in place and market, so the property will cash flow when the lease rolls but is underwritten at sub 1)-Going to be used as a short term rental (lender will underwrite as a LTR or give a haircut to STR projections, but you are confident in actuality your STR systems will get it to cash flow)-Just slightly under 1.00x, but you have a big portfolio of cash-flowing assets, and the tax benefits of the loss in the first year or two of one will be substantial-you really believe in the market, lots of markets like Austin have made a lot of people very very rich the last few years who bought non-cash flowing investment properties

Every time I ask my barber if I need a haircut, he says yes.  

I'm serious they blow serious money on rent, food and haircuts.

On another thread, someone wrote: " Never ask a barber if you need a haircut"!

I like to control my money.Withdrawing your 401k is about the dumbest thing you can do, you'll have a 10% haircut off the top and then you'll have a large amount of taxable income on your tax return next year so set aside another 20-25% for that.

They will haircut the account, and then divide it out over 30 years.