It's also an opportunity to discuss again the terms of the rental agreement.

I am happy to discuss further...feel free to reach out privately.  

And don't get me wrong this wouldn't even be a discussion if it wasn't strictly utilizing the low money down FHA owner occupied situation to take advantage of getting the property paid off over time by the tenants. 

Since you are in CT I will call you directly to discuss, maybe you have some of these type of properties...if so, I would be interested.Jason, worried about your comments...$20K just seems so much to invest on a unit that I might get $250 more in rent, if lucky, and good tenants that will stay awhile. 

FHA will not insure a Mortgage if it is determined that the transaction was designed to use FHA mortgage insurance as a vehicle for obtaining Investment Properties, even if the Property to be insured will be the only one owned using FHA mortgage insurance.”What are the exceptions for the “single property” rule?

She didn’t tell me that she represents them (I know for sure her agency had the listing before it was canceled), but the way she worded everything in discussing the property, I would bet she is their agent now.

Now we just need to discuss with our CPA the benefits vs outright ownership.  

If your IRA is short of funds for the downpayment, your SDIRA may partner with other self directed IRA's to obtain the necessary funds for the downpayment, closing costs, and reserves necessary to be available to cover operating expenses.Any further questions, you may PM me.

How can i obtain the warranty deed to the property or what’s the process??

Send an email discussing situation.