Backup to this would be a Self-Directed IRA - though because the contribution limit is so low, (7K 2024) you'd need to do a direct rollover for this to make sense.  2. 

The 401k can accept rollovers from any other qualified retirement plan except the Roth IRA (for now, there is proposed legislation so that this restriction may be removed in the future). 

And since some savings usually roll over year after year they are a great deal.

My rate is 4.5% amortized over 20 years with a balloon payment due 5 years in that will roll over to a new loan for 5 years at the banks current rate doing so every 5 years until it's paid off. 

There are several things you need to be aware of such as UBIT, partnering with your IRA, rollovers, non recourse lending, possibly using a 401k instead of SDIRA , sweat equity, etc. hopefully they can help you do it the best way to meet your goals. 

I plan on using it for only fuel and paying it off every month before the charges roll over into the next month. 

You can roll over the 401k funds to a solo 401k.

It is also a great idea to have the electric and water roll over to your name when the tenant has it turned off. 

Recently joined BP and have learned much from the forums, articles  and blogs.I am retired, have an IRA with a brokerage, and would like to set-up a self-directed  IRA/LLC or Solo 401K and rollover a portion of that IRA to invest in real estate.  

Alternatively, converting the entire traditional IRA or utilizing a 401(k) rollover to a Roth IRA opens avenues for significant contributions beyond annual limits.Tax Implications and Benefits:High earners must grasp the tax implications.