If I directly hold rental properties under the 401k, and only use this account for operating activities, I need to be able to send out wires for property earnest money and down payments, and also provide the account number to my property manager if I need to make a contribution or if they give me monthly rental distributions.

We look for multifamily 10-80 units in Jacksonville and Orlando and it's tough to make deals pencil right now for all the reasons Shawn said.

I will be inspecting the property (tour) tomorrow at 10 am What made you interested in investing in this type of deal?

As far taking a $1K loss a month, maybe talk to different prop mgmt companies to see if you can get a better deal or if your property needs any upgrades that you can perform in order to ask for a better or higher rent, something to consider.

I did purchase some multi-family properties, however, along the way I also discovered "excellent" single-family home deals that were too good to pass up.  

Another reason may be that you appear unprofessional and interested parties are looking for a sweet deal like a landlord that doesn't screen or is negotiable on all their terms.

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.

Let the truly impacted communities deal with the problem and let the rest of us keep bringing in the tax revenues for our communities.

Which company do you use for self directed IRA?

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.