It appears that you have an agent who is not experience with HUD transactions. 

Unless you invest via an LLC owned by the IRA, you will not have checkbook control over the funds which means you need to run transactions (e.g. income, expenses, etc.) through the trust company who will need time to process the transactions and generally charge fees for each transaction.

Thats the point of broker cooperation, the MLS', etc.For some, a "great" Realtor is one who provides value by helping to vet incoming offers, taking care of inspections, helping with negotiations (depending on whether you use attorneys, sometimes the realtor provides another helpful line of communication), and being an experienced guide to a real estate transactions. 

Equitable ownership is transferred to the buyer at closing, but legal title stays with the seller.This is often used when the seller is selling for a very low down payment and financing the balance.Contract for deeds have an unfortunate history of problems, abuse, and bad rep which tended to over shadow the positive aspects of these transactions.

There could be exceptions, contact your HR department or plan administrator and ask if you can do "in-service distribution".

My little sister got accepted to the psychology department at Cal State University Northridge (or as I've learned, the cool kids call it CSUN).

@Mark Durham thank you so much for this response and I’ve come to learn the creative financing side of this wholesale is transactional funding (double closing) because I’m selling to a retail buyer and not investor.

Since I am self-employed, the SDS401k is an option available to me, and this allows me to act as my own custodian, so I can write the checks to purchase and manage the day-to-day transactions.

Every transaction is a chance for one party to not be in agreement with the other. 

One of our guarantees is that owner is their owner and any sales transactions will be sent back to that agent.