I have a good bit of money in the SDIRA and a regular IRA i have trying to figure out a way to retire now i am 56 and just got let go from my job.

A regular mortgage can take at least 30 days to get done but a HML can be completed in 14 days.

I used to tie my identity to results and that delayed enjoyment (and did not permit failure). 

@James Passemato  The both partners has to be on loan if you want to use her funds for down payment under regular conventional loan.

If you do not have a regular handyman lined up for this sort of thing you're behind the eight ball already and you need to fill this gap on your team as soon as possible.The problem isn't the replacement.

That, I am not sure so hopefully someone who regularly invests in those properties can lighten us up.

With a regular, regulated lender neither one is legally possible and wouldn’t meet fed/state banking regulations.The current lender will either give you a discounted pay off, or they won’t.....that is your only solution to refi.The deferred principle makes this sound like a loan Modification done by a major lender.....not sure what a “balloon payoff penalty” is, sounds you are mixing up terminologies.

I am not big on regular office because in down cycles people go to running the office out of their home or move to cheaper warehouse space for rent per sq ft.You could put the property under contract with a long due diligence if seller will allow it for little to no non-refundable earnest money.

Acquiring rentals only is a long term business plan that needs lots of cash and regular income. 

As I do have a regular full time job I'm not in a hurry to snatch up a deal, I'm in this for the long haul.