I plan to use an individual 401K to pay for the property. 

If you're local or you would be willing to travel, there are some wonderful meetups organized by some really smart individuals in this area who aren't all on BiggerPockets: W2-RE Investing Austin MeetupReal Estate: Investment-Education-Training-and-NetworkingAustin Private Lender and Borrower NetworkingYou'll be able to get some great information here and meet some people who have 40+ years of experience in the Austin Real Estate market.Let me know if you end up attending - I'd love to meet in person!

Took me quite a few years as a self employed individual with my short sale company and real estate license to be able to purchase my first few properties. 

I am a pro member of Bigger Pockets and use the calculator for analysis of sfh individually but have not done it for a package of them.

Help in any way you can which will allow you to learn things the books don't teach. 

Hi @Kevin MadarasTo accomplish what you are looking for, you would want to transfer your properties into individual Land Trusts which will then be housed under the LLC.

Also, transferring the savings before paying your other bills teaches you that your savings is top priority and forces you to adjust spending to make it work.

And for application fee it all depends on the individual investor what bank they are working with, some investors don't even charge application fees. 

If it were ME and assuming said individual is living just fine without the money...I'd keep working my job, doing the same things I always do with the rest of my life like nothing has changed AND I'd seek out the happy medium returns vs. risk. 

However, my lender said that I cannot use an FHA loan because the building is comprised of 4 individually zoned town homes, meaning they can be sold individually.