I know that title cannot legally pass to next of kin without administration in the court system (assuming the person died without a will).

-Manager may charge tenant monthly administrative fees to offset certain administrative costs incurred by manager.

Also, you should use a custodian, not an administrator since a custodian is approved and regulated by the IRS or may be a bank or trust company subject to similar federal regulations.

@Jonathan Shnoravorian, pros asset protection, cons more paperwork and administration, more cost, harder to secure loans.Out of state investors tend to have a harder time finding financing as it is, when you start creating blind entities and holding companies across states, many lenders become very fearful and will not lend.  

I'm not a big fan of the current administration, so I see gridlock as being basically damage limitation.

Hi @Dave Spooner, We have been very active in educating members of Congress and the administration about the benefits of 1031 Exchanges and the unintended consequences of eliminating or restricting the use of 1031 Exchanges. 

I have experience in project management and proficient in administrative duties.

Yes, I agree in principle that I should be able to expense these administrative expenses, but on which tax form is my struggle.As a side note, I don't understand why the IRS has this 2% AGI limit.

Ask your HR department for the plan administrator's phone number since they are the experts of the 401k plan since they are the ones that designed it. 

Alternatively I can see ADUs and basements turned into STRs because the cost of administration and management can be low enough to be absorbed.