Contract Terms ProhibitedA seller may not include as a term of the executory contract a provision that:(1) imposes an additional late-payment fee that exceeds the lesser of: (A) eight percent of the monthly payment under the contract; or (B) the actual administrative cost of processing the late payment;(2) prohibits the purchaser from pledging the purchaser's interest in the property as security to obtain a loan to place improvements, including utility improvements or fire protection improvements, on the property; or(3) imposes a prepayment penalty or any similar fee if the purchaser elects to pay the entire amount due under the contract before the scheduled payment date under the contract.Applicability Note [see section 3(e) of SB 198]:The change in law made by § 5.073 applies only to a contract entered into on or after September 1, 2001.§ 5.074.Purchaser's Right to Cancel Contract Without Cause(a) In addition to other rights or remedies provided by law, the purchaser may cancel and rescind an executory contract for any reason by sending by telegram or certified or registered mail, return receipt requested, or by delivering in person a signed, written notice of cancellation to the seller not later than the 14th day after the date of the contract.

Depending on state laws and property value, it may be possible to open a formal probate and sell to during the course of administration.

Verify with your administrator/CPA or 5500 tax filer.

This is EXACTLY my goal - to unlock my retirement funds from my current plan administrator so that I can direct investments into RE.

Check with your plan administrator or qualified advisor on what options might be available to you.

But have you discussed the additional cost and administrative work that comes along with a LLC?

There is a very common interpretation in the legal community that you may administratively self-manage, so long as you do not cross a line of providing services to the IRA. 

@Subhas DonthireddiU-Direct is what is referred to as a 3rd party administrator. 

[rant on] With both houses and the Whitehouse being united, we will see actions along classical partisan and philosophical lines rather than members of Congress acting in the interest of their constituents.Most if not all actions this year will be IMO, to mindlessly undo as much as possible of the previous administration just because they can. 

But I paid 450 online when I applied for an apartment.  50 application fee and 400 "administrative fee" which would be part of the deposit had I been approved and signed a lease.