The IRA component of a self-directed plan is the same as any other IRA when it comes to administrative issues like contributions, distributions, rollovers, beneficiaries, etc.  

Your 401k money is safe and yours, but administratively it can be a bit more complicated to get the signatures required to release funds to you in those scenarios.401k funds would not help you with a 203k buy/renovate loan.  

Little did I know that he had just ventured out and started his own company and was in need of capital and administrative / marketing assistance.Long story short, I'm now working for him full-time.  

Some will charge a percentage each month but also a start-up fee, a leasing fee or lease renewal fee each year, administrative fees, maintenance fees, etc.

You may very easily spend over $500 in legal fees, court costs, and administrative fees in order to collect that additional $500.  

It wasn't until I really ramped up my marketing efforts that I needed a CRM platform to ensure that all of my leads were being tended to.While a website isn't necessary when starting out, I hired consultants off upwork and had them design my websites using wordpress.  

The only real risk comes from a "ready, fire, aim" approach, or a disregard for the fact that rules do in fact apply.The key is to think of yourself as a fund manager, and keep your role administrative in nature.  

I took a few college courses on business administration, as I would like to be my own boss in the real estate world, and I have a few close contacts with some local real estate agents however that's as far as my knowledge goes.

If they also do chargebacks for things such as software, accounting, or in other words "administrative" type expenses a 5-6% management fee is reasonable.

My 401k administrator doesnt allow that.