I've also saved up some money and I'd like to purchase a multi-family house near Los Angeles area (3 or 4 unit family house under 420K would be ideal).I graduated from college on June 2014, I have some employment gaps in the past couple of years and they are as follow:.

In some states, this is impossible to do because the state has not established a regulated license to handle RTO for residences which you must have in order to legally employ and utilize a MLO*.

Most responsible students, especially those of us with professional or graduate degrees, are not looking to default, as default will generally have very, very negative repercussions on our employability.  

I am willing to get or look for yet more temporary employment so I can transition to something else.  

So I'll just go ahead and put myself out there...I recently left my FT sales position-luxury automobiles- and find myself in need of FT employment.

I ask for rental and employment history, and people need time to look up addresses and phone numbers.

what would  the best way to invest money from previous employer  401k so that I could use it in REI 

I think the question itself emerges from a belief that one either has to be an investor (and do creative investing) OR be an agent and focus all of their time and energy on traditional agent tasks.I see the license as just one of several tools we employ to monetize leads (which in our area are extremely expensive right now).My wife and I own a brokerage, but all of our 32 agents across Texas are first and foremost creative real estate investors, marketing to distressed sellers, wholesaling, flipping, taking properties down Sub2, etc.But when you do that kind of marketing to distressed sellers, sometimes you run across situations where the best solution for the seller (and best chance to monetize that lead) is to just list it.... either a traditional listing or a short sale listing (no, you don't have to call banks either)... or even an owner-finance listing.I think there a lot of myths about being an agent... some of which are more true if you are caught up in a more traditional brokerage where they stress getting a high volume of traditional closings.Common myths are:-- I'll have to show buyers around:  Not if you don't want to!

Even if it had park owned homes you would have to develop a system or have more local help especially with full time employment.  

You may be in an area where many people work for the same company lets say that has in that area traditionally employed a great number of people and then suddenly laid off a high percentage of their work force and perhaps allot of people in your area will be motivated at that particular time to sell their house and move on with their lives.