The questions I have relate to the details of the transaction (should the loan amount be the original amount, or the current remaining balance?

(I could with lots of leverage, and without much diversification...so effectively, I can't)

State taxes should have a minimal effect on evaluation if you live in CA (excluding property tax) because my understanding of how the income would be taxed is (state income was generated in taxes first if it is a higher rate than CA no further tax, if it is lower rate CA takes what you paid the other state into account and taxes the rest of the way up to their normal rate)  Hopefully that made a bit of sense it is difficult to explain in text format.

@Shea StringertYou can look up information on "prohibited transactions" to learn what to avoid with self-directed IRAs and 401ks.

Any comments made by your family could effect you. 

Close your FHA first, then schedule your investment property to close 15-20 days after the first transaction to give the lender time to calulate the first transaction into your DTI to complete the 2nd transaction. 

If you have second bank account and credit card account, if not, open new accounts, and use them exclusively for rental transactions.

Sometimes they do not even have a local realtor you can contact to ask questions, just a title company to handle the transaction.

You have to categorize everything and it takes time managing incoming uncategorized transactions.

It is here you will choose what you want to search for from the menu list that pops up.Let's see if we can find a bill that we paid.Choose bill from the Transaction Type Field window.You can choose to search by Vendor, Date, Reference # or an amount.