One of the few things REA will nail people for is conversion of funds.If he's not licensed, then they may have some alternatives since he's selling real estate and expecting a fee.

The other alternative would be to learn your numbers(price, rents, typical rehab etc) in that area so well, where you know what you can bid comfortably with room for error, sight unseen. 

If the money is in your current employer plan and you saved the money from working for your current employer, you generally can't take the funds out of your 401k until you quit your job.As an alternative to taking a distribution from your 401k, consider the following:If you are self-employed (i.e. active self-employment earned income separate from your w-2 income) with no full-time w-2 employees, you can set up a Solo 401k and then rollover your 401k funds once you leave your current job.You could then take a loan of up to 50% of the balance not to exceed $50,000.

@Quincy HallIf the money is in your current employer plan and you saved the money from working for your current employer, you generally can't take the funds out of your 401k until you quit your job.As an alternative to taking a distribution from your 401k, consider the following:If you are self-employed (i.e. active self-employment earned income separate from your w-2 income) with no full-time w-2 employees, you can set up a Solo 401k and then rollover your 401k funds once you leave your current job.You could then take a loan of up to 50% of the balance not to exceed $50,000.

Wave is a great free alternative to Quickbooks

. :) In the meantime I thought you might have some insight into alternatives that we (the public) are not yet aware of.

No one likes paying higher prices, but when your tenants are presented with the alternative, they may very much appreciate their current situation.

And two, this is a TIC listing, which is a new kind of condo alternative.

@Patrick BunnBoth a self-directed IRA and self-directed Solo 401(k) would allow you to have more control over investments and choose alternative assets such as real estate, so you would not likely need both an IRA and a Solo 401(k).Only 401(k) based plans offer a participant loan provision, however, so only the Solo 401(k) would give you that option.A Solo 401(k) is an employer sponsored plan.  

If lending from the IRA produces comparable security+return as a leveraged rental, that might be a good alternative that does not come with as much complexity.