I would caution you on anything Morris.. they are far from reputable from what we have seen on BP just look at some of the threads on what they did to investors in Indy.. is sad  and left many many folks in very bad financial shape and then to top it off took no responsibility at all and try to blame others.. not to mention their idea of investing in low values assets is completely the opposite of how those assets work.. they are just not credible at any level in my mind and personal opinion.. and maybe I am not either but that's my view point

You are considered to be disqualified person to your 401k and the IRS rules prohibit any transaction between qualified plan and disqualified person.Taking early distribution not only will be subject to penalties, but also to taxation on both state and federal levels, as a result you may end up losing 40-50% of your 401k balance, not a wise thing to do.

I'm debating on whether to do one of the following options, 1) House hack: Potentially buy a 2-4 unit so I can live in one and rent out the other ones.2) House Flip: Find a fixer upper so I can restore and sell.3) Buy an invesment property out of stateMy short/long term goal is to be a real state investor/developer with various rental properties (Mainly for housing), therefore, I'm aware that the first deal must be chosen carefully.What does the BP community recommend? 

Just a high-level estimate : Use actual rent. 

When an IRA receives income from a trade or business on a regular or repeated basis, it can become subject to a tax known as UBIT which is meant to level the playing field and protect tax-paying businesses from unfair competition. 

Does anyone know what's an approximate cost might be on a 3 level row home about 1,500 sq.ft build from the ground up might be?

We’re looking to perhaps add a level to a single story and were hoping for a recommendation.

It all depends on your personal comfort level of risk.

@Sherry AddyUnless you want to be a landlord in memphis after three years, you should rent. i also own fifteen sfrs like @David Hutson and @Caleb Heimsoth. the values in memphis today are back to 2006 levels. when the market crashed, it has taken twelve years for areas to come to par.

Additionally, since we are looking for fixer uppers, in what conditions would a bank not cover a house with a mortgage?