Its ~5 blocks from the ocean right on the neptune/atlantic beach border.

Also, keep in mind your application is the first line of defense, so it could be (like Dracula to a cross or light), the application is doing its job and turning people away--even though they love it.... due to their rental or credit history.  

Is this consider off normal practice or a standard transaction with SDIRA? 

Be sure of the numbers that will work for you, and stick to them.Based on your responses about the backing you have, it maybe that your Realtor just wants to make their own job easier by getting you to either raise your Offer/s or provide the "cash" proof from your actual end-Buyer rather than your transactional-funder/possible-promise-breaker.

Anything that a borrower cannot shop for that is not disclosed initially, or is disclosed in error, cannot be corrected or added and re-disclosed later, AND the lender is required to close the transaction as it was initially disclosed and cover the loss.  

@Stephanie WindemuthI'm not sure I can be of much help since I've never transacted anything in your state.

While there a lot of ways to get into real estate investing from a transaction standpoint, and I'm sure you'll get a lot of advise in these forums, there are also ways to get involved with real estate that don't necessarily involve buying something. 

Hey how are you, I'm new and also on the Los Angeles / Orange County border.

So what I'm wondering is what is the initial % of equity that is fair for this type of transaction.  

This may cause many transactions to go past the closing date specified in the purchase agreement.