@Daniel Kosciuszko be prepared wherever you invest to pull out anywhere from 50-80% of your money if it's a good deal.

The Bank handles the appraisal you cannot order one by law if financing is involved due to AMC rules under the Dodd Frank act. 

I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.

There isn't a one size fits all rule.

Actually alot has changed. 1 the rules are very well regulated now vs 2009 -2012 when it was the wild cowboy days and banks were screwing families all over the place (which is why my wife and I started doing short sales - help families out).2.

Read up on real estate syndications, and don't get scared off by the high minimum investments ($50-100K).

@Willam KuczmeraIf you decide to proceed with the distribution, the following IRS web page is a good resource for the rules and tax consequences. https://www.irs.gov/retirement-plans/plan-participant-employee/401k-resource-guide-plan-participants-general-distribution-rules

Mid-term is a made-up term that doesn't change the rules you have to follow.I believe you are in Virginia where monthly rentals require you to give notice 30 days of termination.

I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.

with ground up construction you'll usually see 50% of the land providing 100% of the construction . no income no doc and first time investors as well