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

Definitely look at the book recommendations on BP to boost your knowledge on particular subjects.

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

I’m looking forward to a long and productive relationship with Tammy Richards and Sherman Bridge Lending.

Heck, if the area is as good as you say and the deals are awesome you can get you can hit up a local REIA, move product, and use those profits to start scaling.Now, this is admittedly a VAST oversimplification.

I don't think you really want to work for nothing.With this in mind, I suggest you put your equity to more productive use. 

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.