@Rick Baggenstoss Thanks for your post - I totally get it...been thinking the same thing.My next thought: is there any chance another investor would like the property (could they contact the bank directly once I let it roll over and make an offer before it hits the MLS), and is there a way for me to get a referral fee for that since I'm really the only one who knows about this property?  

This would allow you to contribute generously to the 401(k) plan, but then periodically distribute via non-taxable rollover to a self directed IRA that you use for real estate investing.  

If you are looking to use your retirement funds to finance a business, especially a real estate operating company, it is worth noting that a rollover as business startup (ROBS 401k/PSP) may be a good fit.

You could always do an in service rollover to other investments, such as a self-directed IRA/401k if you desire other investment choices than what is offered.

Not to say they will just roll over but its much more likely you will have a positive outcome for a problem in one area I think if its all under one roof.

I would return the money and let them decide on the next deal based on the merits of the deal separately vs. trying to roll over their money. 

You will see some properties continue to roll over if the reserve hasn't been met.

Unless the plan allows "in service distribution", then you can withdraw (with taxes apply) or rollover the 401k funds while still with the same employer.

I have a 401(k) that I want to rollover into a self-directed IRA for RE investing. 

With the double salary you can invest in twice the amount of properties, and go full time in a shorter time span.If you're really aggressive, you can also rollover your 401k into an SDIRA because you've left your current employer and now qualify that type of activity with the 401k (keep it where it is, rollover to an IRA, or any of the other options you have for leaving your employment).