Essentially leaving you instantly homeless without your belongings until your hearing. 

I essentially have the same business model, we own and manage multi's and also flip properties.  

Warning: If you leave federal employment you will have to pay back the sum immediately so be aware of that.Make sure do analyze your COCR return or ROI return versus your TSP.Last note: Why wait until you're retired to access your funds when you can be building a real estate empire that makes your retirement funds in your TSP completely irrelevant by the time you retire.TSP = just a safety net.

I think this would essentially be an FSBO.Is there a reason this would be a bad idea? 

Essentially using leverage to build wealth.And, the risk of something happening to one property is high (heating system, roof, vacancy, etc.)

Cold calling your list has been proven to be effective in increasing the response rate in direct mail advertising.About Cold CallingAlthough only about 5-10 % of all sellers answer the phone.Cold calling is an essential part of the selling process.

You were essentially the top bidder.

@Eddie PinaIf you're buying triplex as a "buy & hold"investment, then it is absolutely essential to to have an inspector to check it out.

Essentially, this is your second home that your dependent lives in.  

However, if the LLC is in your name and the bank can see that you essentially transferred it to yourself, as long as they get their money it is highly unlikely they will do anything.