Stay active on BP.

My personal bet for properties at the moment is the midwest, because mainstream doesn't talk about it yet.

The topic of self-directed 401k has been discussed on the forum many times, here is a link to one of such discussions that you may find helpful:https://www.biggerpockets.com/forums/51/topics/527...There are several providers offering the service who are active on BP, do some research/reading and you will find out who the key players are.

I think your best bet will be a portfolio lender.

However I’m only actively investing in Memphis, TN and Chicago, IL at the moment. 

If an investor is eager to pay 350K all-cash off market, I'll bet you can find a retail buyer (or an unsophisticated "investor") to pay even more.

It is a passive tax loss for people in high tax bracket who bet property values will go up.      

Also, when you decide whether you want to be active investor (e.g.

Have you decided whether you want to invest actively or passively?

If you don't have the funds to buy rentals, you to get money (active income, day job income) to afford to buy those properties.Many investors choose to make real estate their active income (being a real estate agent, flipping houses, wholesaling properties,...) because those jobs create profits or commissions, meaning the more successful they work the more money they make.