Day 7: 3pm the next day came and went, no word.Day 8: I waited until 5pm the next day to ask what the status was via text, no response.Day 9: I finally received a response at 8:30pm saying "After reviewing all applications that we had received, we regret to inform you, that another applicant was chosen."

After that, visit the BP bookstore and get a book or two on your chosen path. 

@Kafui Athiogbey unless you have chosen some (highly complex and ill-advised) strategy that requires your entity to pay it's own taxes, there is no taxable consequence to taking a distribution from your LLC.

She has always respected our chosen goals and our way of doing things but we learned quickly to take any advice of hers to heart and have benefited from it every time.

Check to see on Airbnb in your chosen area to see if there's a high level of demand, and if there are already too many other units in the area.

One of our tenants has seemingly chosen to completely ignore the existence of the PM and still operates as though they are under the management of the owner who originally signed the lease (the lease was a month to month at the time the PM took over, and the tenant was given a request to sign a new lease with the PM, but ignored it completely). 

You are correct, not that much work...once you have gained a LOT of knowledge in construction, including project management; finance; contract law; State and Federal laws including applicable Fair Housing, Fair Credit, EPA, IRS, OSHA regulations, and Local LL/tenant laws; Regulation Z; insurance; HOA's; Fire codes; Building codes; product knowledge (relating to quality, useful life, design life of chosen products and materials); and, frankly, just learning about real people...what they do, how they act, what is important to them and what is not. 

@Hyoung ChoiWhile I recognize that you have already chosen a provider, for others who might be curious here is a good outline of important considerations in choosing a ROBS provider:https://www.nerdwallet.com/blog/finance/how-to-choose-the-right-robs-provider-when-financing-a-business/

It was not chosen in spite of having maximum lottery entries. 

. - Many of my borrowers/investor clients have chosen to pull out of the market and are now waiting for a drop.