In some cases you can keep the corporation active and operate a "frozen" plan. 

At that price, I'm assuming you have some major rehab to do, but maybe not.Not an accountant, but from my own research if you use the IRA you need to have enough in that IRA to cover all the property expenses.

Any one here to give more insight ?

I own a few rentals and recently decided to actively start building my portfolio.

I know there is a law that you can not originate a FHA loan for your buyer client but does that mean you cant have both active? 

I don't know that I've ever met a 1st gen African LO, but I've met 1st gen LO Russians, Latinas, Brits... and to the extent that African accents are associated with "Nigerian Prince" schemes, note that the overwhelming majority of LOs doing shady things circa 2004-2007 had accents identical to what you would expect my accent to be based on my profile picture, so you certainly shouldn't assume that I'm not shady based on my accent any more than you should assume someone is shady if they have an accent that sounds African.

Baltimore allows for multiple house hacking activities. 

Easy to rent area, close proximity to a variety of activities (shopping, the highway, places of worship, entertainment), price was in my budget and only needed cosmetic fixes as the furnace and central AC were all fairly new.

We cannot use the SHST rule because we have greater than 2% spending on just repair and maintenance.Is there a list of common spending activities on rental properties and the various current tax rules they fall under available anywhere?

They are two completely different activities.