@Colet CokeCongrats on taking the 1st steps to buying your 1st property!

It seems like a simple thing, Stephen, but reaching out in BiggerPockets about getting started as a real estate investor is a great first step.

You have now started a BUSINESS and the business needs to follow a clear, planned, managed method of operation.  

For example, you buy a plot of commercial land and then rent it to Walgreen's, Walgreen's would pay to build their store, they then pay you monthly for the property and they also pay for all other expenses.Check out BiggerPockets Podcast 047: Apartment Complexes, NNN Leases, and Commercial Real Estate with Joel Owens - https://www.biggerpockets.com/renewsblog/2013/12/0...Also a good blog post: Triple Net Lease Investing (NNN): The “No Toilet” Method to Real Estate Investing - https://www.biggerpockets.com/renewsblog/2013/02/0...

I'd first start to see if you qualify with a lender as step number one.

Where do I go from here or what steps should I be taking I refinance and pull my initial 10K investment (or at least some) out to purchase property number 2.

First, congratulations on taking that first step towards becoming a real estate investor...reaching out on BiggerPockets.Your question is a great one, so you may want to ask an FHA rep directly.

Pick one or two of the things you listed in your post and take concrete steps towards those goals, and write them down somewhere, this will help. 

But to step back, one thing I learned buying a 4U with steam heat is that my cost for heat isn't the gas bill, it's the difference between what I build into the rent for heat and what it actually costs.

Lot of risk to take to accommodate a fraction of a percentage of current users. there are digital methods that are cheap, fast, easy and require little infrastructure already (ex: venmo)