You should implement your Week One procedures first. 

Bottom line is you can jump through hoops to insure your HOA follows the proper procedure so they can legally enact the new regulations or you can move on when your tenants lease is up.

If you want primarily medical profession tenants, it will dramatically narrow down the number of buildings that would work for you. 

When used for eligible medical expenses, for example, HSA distributions are tax free.

I have never done one but I have known a couple people that have. you might want to call or email the Alabama department of revenue to get the correct procedure.

If the worst were to happen and you needed money for medical reasons do you have an adequate emergency fund. 

Some pre-foreclosure procedures end with a short sale in which case the buyer can raise financing from the all the same venues as a normal sale.Some people have cash, some people use private money, other hard money lenders.it depends

I’m very new to the area and really trying to get a jump start on procedures and locations.Im hoping to connect with as many investors, agents, contractors as possible.

Or is the procedure identical to setting up a regular series LLC, except that the 401k trust will be the sole member, instead of an individual person?  

Unfortunately, I am recovering from a couple medical problems and cannot walk at this time but it has given me a bunch of learning time.