This is a combination of a C Corporation, Profit Sharing Plan and Employee Stock Option Purchase that allows you to use that tax-sheltered retirement savings to capitalize a business in which you can be directly involved and draw a salary.  

We can give the EMD, no worries.4) Once our house is under contract, move our things to storage 5) Once the new house is complete is complete, move there6) Since combined it would be around 337k loaned out in lieu of the 437 I have been approved for, use the remaining 100k to find another investment property to purchase.Is this a problem?

The best strategy is probably a combination of both LLC + extra liability insurance + umbrella policy if you have substantial equity or personal assets to protect. 

My pros: I have good credit (740+, no delinquencies, long credit history), combined income with me and husband including our jobs and real estate income ~90k/yr (for now. will be increasing in 1-2 years once i'm done with my current training).

The population would have to decrease substantially for rents to go down a lot and that may happen with a major natural disaster or another huge tech bust but for now shortage of land and buildings in desirable areas combined with increasing population will hold up the market.

So, you could not combine IRA money with personal money or money you have personally borrowed from your current 401k plan.I did want to step in and thank @Matt Devincenzo for his important addition to the thread.  

Lets say I purchase a property with one of the following or combination of the following methods: cash, revolving line of credit, private lender, credit cards or SDIRA. 

If you combine flood zone with hurricane insurance on a property it will kill cash-flow.

Re-invest in RE with the equity3) Take no money out and accumulate cash reserves to re-invest in building #24) A combination of 1 & 2 or 1 & 3. 

We offered to pay for garbage and the water bill up to $50 combined each month (which our tenants love that we do), so our total Cash Flow = $531/m.We are now waiting the 6 months to hold before refinancing and looking to try to repeat the process with the equity that we pull out.