I'm also a Realtor and was essentially my income was impacted 2-fold.My question would be if I accept the loan, should/could I simply open a separate bank account and pay myself and/or other employees a wage/salary.I was going to give myself a wage this year, but since I didn't have any deals, prior to the lockdown, I didn't apply any (therefore also lost out on PPP).

This seems to be referring to what is often called a "Registered Agent", or someone official in the state who should always be serve-able in the event a process, notice, order, or other legal item needs to be served.For example, many states require every LLC to have a registered agent, which is commonly the attorney that filed the company's formation paperwork. 

They do NOT get involved with deal paperwork besides using it as a guide on what to do if mutually accepted.

There are a few other negatives about FHA that you're not considering:Lots of extra paperwork with a FHA loan.Contractors must be approved by HUD to do the work, so that limits who you can hire.

I've discussed with a few others and only one does programs like these - essentially they have no info on what options I might have besides a conventional loan with 3-20% down.

They will lend money without all the paperwork hassle and you can get it within 2-3 business day’s.

If you do all of this before you have a deal to present, then you won’t have to worry about running out of time to fund a deal.I’ve found that it’s essential to have an online presence, including a website and a social media plan that includes posting on Facebook and other social media sites, or consider having your own podcast.

Now you will see some sectors go down then up, like entertainment and travel, but essential business are in business and busier then ever. 

This is essential while you're in the education phase because you will need to analyze a bunch of deals to understand the numbers and your market. 

Essentially, investors buy an older building in a downtown of some sort (can be small or large), stick a coffee shop business in on the main floor and create offices above that rent each month for startup businesses.