Recently, I applied for a FHA loan and was approved 300k.

It is up to the user to know and understand the limitations of each so they can apply them effectively. 

If I were to make the home a land transfer contract, does this still apply? 

As sch C income is "active" trade or business income and falls into a separate bucket, you would not generally be able to offset sch C income with your Sch E losses.The passive actively loss rules generally do not apply to real estate professionals.

If you apply all of these you will be on the right path to success.

Currently they haven't rolled the program out here but when they do, I'll be applying. 

As the title says, Im looking to find out if applying to multiple mortgage lenders will have a big impact on my credit score?

Being my age I am considering looking into another job that relates to real estate that will give me more experience and insight into the industry which will allow me to apply it to my own future portfolio even if it means taking a reasonable pay cut.

I would make it clear the money orders need to be received before the 5th of the month or late fee applies (or whatever your lease stipulates). 

And I also heard things are overpriced at the moment....However, I thought let me try to apply that in a real life situation.