I have been told that it can be rolled into a self directed LLC, but I'm not sure if that is accurate info, and frankly I'm such a newbie I don't understand how all of this works.

You would also want to add a roll-up and walk through door to each unit.  

We are sort of a combo of their Listsource and Realquest products rolled into one, though there are a lot of other differences.

If not I plan on taking the proceeds from the 1st rehab and rolling it into the second.I and the owners are very aware of the possibility that the loan could be called due and there is a signed DOS Disclosure addendum in the OTP contract to that effect.Any advice on funding options I might have?

We could have this happen multiple times a year too, so looking for something not too complex.This is a pure business decision in my opinion. do you take money off the table and pay taxes vs keep on rolling over the investment using a 1031 exchange. in 2007 we decided to do a 1031 exchange to save taxes, but had to reinvest into a falling economy. in hindsight we could have done better by just paying the taxes.- also dont forget transaction costs. with such a heavy rotation of investments you will pay huge transaction costs in addition to any taxes.

You might want to just collect upfront a finders fee from an investor and let them roll the dice on the lead.Maybe get 500 to 800 for your time.No legal advice given. 

What will the rent roll be for the 3 other apartments?

Also, my end goal would be to take the money from this project and roll it into another remodel.If you see anything that I am missing, any questions that I am not asking (which I know there are), or have any advice at all, that would be greatly appreciated. 

If I see a property that I really want to buy I can always take a 2nd out on a property with a lot of equity, or refinance and roll the 2 properties together. 

Should I hold or transition to residential or sell and roll over into something bigger?