So my question is since this is my first time doing this type of transaction; what are the risk involved?

So you are looking at 1 percent of transaction price, about $7500 a year.

Here in Florida it is assumed “transactional” unless an agreement for exclusivity is agreed upon.

Whew...Questions, all for transactions within the new SDIRA:1.)

Does anyone know of any title companies that are willing to handle the transaction without issuing title insurance? 

Being a referral associate will make you money but it wont' actually give you any experience with transactions.

If you are going to invest, you'll get back more than your financial investment on your first transaction and you'll learn a great deal.

I cant tell you how many times my clients use a lender of their choosing because they have a lower rate than the lenders I recommend....then their lender does something to screw up and we need to switch to the lender I recommended in the first place to save the transaction.

So this strategy may not work on every transaction but maybe it can fit here.The lender can offer to pay some of the costs. 

It's awesome that the government put this act into effect but I do have some questions about the full process.