All that said, having any experience at all as a landlord will be tremendously beneficial when raising money from family and friends. 

Having an IRA LLC in some cases may prove highly beneficial on the other hand.

The land trust is beneficial because it masks what is going on behind the scenes with the assignment of beneficial interest; however, it is not as straight forward as the LLC purchasing the property and some sellers get confused. 

You would think there is a correlation with real estate values and rent amounts but they are mutually exclusive.

If you are doing investments other than single family homes, it might be beneficial to go through the expense and hassle (you need separate bank account and not co-mingle your funds) if a LLC.

The best scenario is when you can strategize on paper prior to getting to the building stage, but if you're already there pausing (briefly) can be beneficial to see if there are options available to help reign in costs.

I offered to fix anything that may pop up on the FHA appraisal and the seller still refused and requested a mutual release to be executed.

While rates rising are problematic and could add to your FOMO, I think more opportunities will be popping up while that happens and having cash on hand will be beneficial.

Now, because the interest rates are significantly different between the two loan programs, that's where it would be beneficial to talk to a lender to see exactly how much you'd save each month, and if it's worth while to refinance.  

If lessee fails to vacate by 9-31-21 or on a date mutually agreed upon in writing a $200 per day charge applies.