For most folks, especially starting out, your tax burden, and administrative costs, will be lower if the properties are in your own name.   

Mark, I have myself, my wife (owner payments and bookkeeping), a second property manager, and an administrative assistant.

There are many ways to structure a deal like this-ask your Ira administrator if they have any literature on the subject. 

There are many ways to structure a deal like this-ask your Ira administrator if they have any literature on the subject. 

Who will handle your marketing and administrative costs?

With such plans, you are not dependent on what the custodian or 3rd party administrator (i.e.

The administrative requirements of such plans as well as the liability you take on as a plan trustee make alternative assets less than simple, to say the least.

There is a wrinkle involved if two or more of the plans have common ownership, or are deemed to have common ownership.The plan administrators aren't qualified to answer your questions and will often let you put whatever you want into the plan, even if it violates limitations. 

You want to take the money out for an investment opportunity, which by any reasonable standard, is not hardship - it is for financial gain.The plan administrator is responsible for reviewing hardship requests, so I would come up with a better reason to give them.There is some good information in this article written by an attorney:https://news.bloomberglaw.com/employee-benefits/insight-who-cares-retirement-plan-withdrawals-ok-if-youre-impacted-by-coronavirus

If you haven't looked into the Small Business Administration, it's a great resource for alternative financing solutions for starting a business, including real estate investing.