Obviously, there are custodial fees but provided your plan administrator allows for the rollover (something they typically allow for once you're not longer with the company) then the funds can be moved over without taxes and penalties.I'm especially inclined to recommend this move for individuals looking to diversity with investments outside of the stock market such as real estate, promissory notes, and tax liens/deeds.

The current operator is working with just 1 full time person doing all the admin, basic maintenance and custodial work.

Hi Frankie-There are always (in every industry) companies out there that can give the rest of us a "bad name" but it is important to understand the difference between a custodial provider and one of Checkbook Control especially as it relates to real estate investing.

This is one difference between a self-directed IRA and the Solo 401k, as the IRA does not allow for participant loans.A few other Solo 401k benefits: Compared to an IRA, Solo 401k contribution limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)

Wife falls in love with crack dealer, husband takes custody of the kids, no one will answer calls, Wife advises me to use deposit as last month's rent.

The child is now three and in the custody of the grandparents, the wife is in rehab or something.My brother has never paid rent, and now has another couple living with him, and possibly a new girl friend.My question is do I need evict my brother and his wife, or do I need to evict my brother and all the new people he's got living with him ?

Paying couple hundred dollars a year for a vehicle that can generate millions of dollars for you over next 20+ years is pocket change and would be significantly less compared to IRA custodial account. 

If you discuss this topic with someone knowledgeable (not just a custodial sales rep), you should be able to get a handle on your options.

I did find a local document preparation service on CL once that charges 425$ plus 120$ a year for the custodial service and they set everything up for a Nevada corp and handle the yearly filings etc.... that CL add had me thinking a while although it may not be worth it in some cases but if you talking a six figure tax bill it may be worth looking into it...

@Edward GroganIf you have custodial SDIRA - your IRA account must be held by this custodian.If you are referring to Checkbook IRA (or IRA owned LLC it is often referred to) then you can open an account for the LLC that your IRA owns at any bank or financial institution.