They typically have a lot on their plate and will hire on a salary as it is cheaper than offering commissions in some markets. 

especially since he's closing today on a fed reserve holiday...but hey, "the other guy's offering a better rate.."

And regarding the HUD consultant, you are correct they are only required on the Standard 203k but should be used also on the Limited 203k so that everyone, including the contractor, knows what will be required by FHA.

Congratulations on setting up your Self-Directed IRA (SDIRA)!

I also am aware that we are increasing our net worth through real estate, but we are paying so much in taxes and cannot claim the renovations or improvements on the properties we own due to our income.   

It certainly depends on your goals.  

Also, I believe they own this property out-right, no loans, etc.I'd like to structure a deal where they provide seller's financing with a 2-3 year off-load timeline that gives them a) some cash now via a down payment and b) some regular monthly income all while I work to bring rents to market value and we both benefit on the sale and refi.How would something like that work and what would it look like?

I'd suspect high sales prices in your area?

Just based on my experience and opinion....

The support team is always happy to hop on a Video Call with me to walk me through the solution if I can't understand it via email.