Hi Krissi, It seems that you purchased these properties in a "D" level neighborhood which will be very difficult to find high quality tenants and a high quality property manager.

That gets worse as you get farther out of the cityTLDR: values depreciate, inflation has gone basically nowhere in Japan for a long time, the supply of housing is pretty good compared to demand (unlike the US) and that's because of flexibility with rezoning and development, taxes on rental income are high. 

Keep digital records and pictures.  

There are two types of return from a rental propertyCash Flow & Appreciation.I normally also aim for a minimum of 8% return between Cash-Flow and Appreciation.Appreication, nationally, is around 2% to 3% annually.Therefore, your goal is to get the cash-flow to be about 5% to 6%.The issue is interest rates being very high, you would therefore, need to buy at a pricepoint where the numbers still make sense.You can always put down more of a downpayment to cash flow, but that will impact your cash on cash return calculations.Best of luck!

And you get feedback at a level high enough to determine how to proceed. 

I think since it's personal and you're the only owner, I would open a high-yield savings account and get 4-5% on the money.

PM fees are high, exactly because so much work is required in managing STR.  

I also doubt very seriously that any brokerage/custodian is going to allow this kind of loan with 401k assets; it's likely going to need to be a 401k general purpose loan, which is highly regulated (as someone else mentioned). 

Definitely a lot of growth here as Texas Instruments is investing $29 billion into a development to bring over 3000 high paying jobs to Sherman.

very high risk even I only do them with very specific investors in mind and a plan. we dont flip land we develop every one.