@Cody SkidmoreShould you decide to utilize the ROBS 401k to finance a real estate operating company, the following requirements from the real estate operating company side of things will apply.

There are literally entire CLASSES devoted just to the notion of discounting and how it applies to investing, yet Gallinelli attempts to explain it in one paragraph and then apply it to real estate in another page or two.

Do I need to form an LLC and then apply for a business LOC? 

What I try to keep in mind (as a person who is prone to discouraging thoughts) is that a lot of people want you to feel inferior, to be scared of rei, but really you know what you’re doing, and things will work out just fine for you, and in the end if this whole thing goes south and you lose money, remember people pay MUCH more than that for the same education you got, only you’ve applied what you’ve learned haha.

Typically, the same applies to LLCs where you and your wife are sole members.

I applied for an LLc on Monday and received an email back approximately 1 day later about articles of organization with a certificate from the state.

Looking at your numbers, conventional financing wouldn't apply.

These are your loans that you can apply for at pretty much any major bank or with any loan officer. 

(So if the 1% rule applied that would be $700 a month below).

A lot of members of Bigger pockets seems to have “standard” rules they recommend and push from a lot of post I’ve seen, but almost all of them don’t apply to my area or deals.