I understand that you need a custodian, I understand that you can only transfer the 401(k) once you have stopped working for the employer, and I understand that once you’re 55 years old, you can start accessing your 401(k) so here are my questions…1.)

Once you find a potential tenant, you have to go through a Housing Quality Standards (HQS) inspection, which can take a while and may require some repairs or tweaks to pass.

Do you understand the expenses and regulations involved? 

To my understanding, there is an area the the villages is putting its name on that is not 55+ but I am not sure when this will get developed.

Not sure I understand the logistics... 

It is the worst because you need to understand the patchwork of regulations across the state, which can vary down to a neighborhood by neighborhood basis.

Everyone has to start somewhere just understand it will be very hard but if you never give up and take things slow to really analyze everything you put more chances of success in your favor.When people make their first million they tend to be the most vulnerable to the con artists out there.

I am wanting to connect or shadow with interior designers, decorators, or even project managers, just so I can get my foot in the door and understand all aspects of a construction process. 

You could setup something where the fees are deferred until you secure the construction loan and then pay them 1.5-2x their standard fee if they waited the 6-18 months to get paid.

Good for your account in theory, but you really need to understand what is driving that cal rate for that area before purchasing a property.