@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.

But of course everything is free online if you would rather study that way.Make sure you are utilizing you local library!

So here's a rough number breakdown. purchase $1,500,000Loan Amount 1,300,000Rehab+holding+closing costs $115,000ARV 1,900,000new Loan (20 year, 6.25, 5 year)- $1,560,000Cashout portion- $260,000Cashout- FFFF (friends, family, facebook friends)= 10,000Money in deal = 45,000Rental Side of Things (by month)Current Income- 27,000/m (Proforma is 31,500 since I had to rush rent out)Expenses-  (Utilities, Taxes, 25% Vacancy/Management/CAPEX, insurance, etc)- 12,500/mDebt- 11,400/mNOI- 3100/mSomething like that at leastFor the other questions that may pop up:I self manageI doubled my portfolio in one dealI was my own GC for the projectI still have a full time job in securities tradingI worked 110 weeks for 2 months straightI am burnt outI hit a lot of roadblocks including getting sued, vandalized, robbed, and threatenedI had a lot of physical blackouts and emotional breakdownsMy outlook in general on people is definitely more negative However I am also ready to move onThis post was very much to speak on an experience and tell a story. 

Seems high for pinellas county unless you are paying utilities for both units?

I recently reviewed a list from a local township, and it looks like more than real estate taxes are considered with regard to tax liens (e.g. water/sewer, public utilities).  

If so, call the utility company and see if they'll give you a year's worth of charges.Lawn / Snow: $100+/month depending on the lot, etc.

You have to get utilities to each home.

I can qualify for the FHA loan, however, as previously stated, I am looking to utilize my first home as an investment.

Ohio, Indianapolis, Missouri, Alabama, Pennsylvania etc....Irrelevant of which specific market you choose some best practices you should utilize are as follows...

Simply tell him or her the truth, if you don’t get expenses down you will have to terminate them and self manage or sell.Utilize utility bill back.