Hey Amro,FHA loans are strictly for owner occupied. 

My hesitation, and this is strictly personal, is that I really don't want to have to drive an hour each way to check in on an investment property.

I would also recommend setting strict screening criteria to steer away applicants who would just be wasting your time.  

Fill pipes need to be capped.assuming sampling is properly completed and shows no impacts, its ok to close in place in lieu of  removal. you can show the closure report to a future buyer.again-need to make sure the sampling was done in accordance with state protocols. often times, tank companies do not strictly comply with the UST rules-especially if the tank is unregulated because of its size.   

If your license is strictly for your own portfolio, then how much you keep in your pocket should matter the most.

@Dmitriy FomichenkoWould the SDIRA be subject to UBIT if they're used strictly as a loan?

There are some lenders that offer long term (30yr FR) and their requirements aren't as strict as a banks.

Even though there isn't a tax reason to maintain good records, you will have to maintain strict paperwork showing that you are in fact loaning money to yourself from an LLC.

They are much more strict than an investment property.Foreclosure on a primary is similar to an investment property except that borrowers get more protection on a primary.

Hi, I have some contacts that are willing to use their self directed 401 to lend me money to purchase some investment properties.From what I've gathered, the terms, rates, and any other details of the loan are strictly up to the individual and myself.