Conversely if I start building relationships with other investors who might have funds available (but not the time to look for deals), what value do I provide if I do not already have a ready stream of possible deals.

My question is, to finance my first property, should I finance it under an FHA and live in one of the units for the year?

I currently live in a market where housing has exploded and rents are off the chart.

I live close by.

The funds are staying within the envelope of the LLC, not leaving the IRA.The provider who put your plan together should be able to assist with this type of conversation.

The IRS section 121 allows you to move out and rent your house for Up To 3 years, After you have lived in it for at least 2 years (hence the “2 out of the last 5 years) and be exempt from any capital gains tax.  

I live out of the country though so it makes things difficult.

Purchased with plan to live in permanently, put it as a STVR while traveling in our RV during the pandemic, and it did so well as a STVR that we decided to keep it as a rental and buy another cabin in Yosemite as our primary residence.

I've lived through a couple of these before. 

40k prefab20k electric and water hookup10k land dev100k 1-2 acreOrrrrr170k duplex with prefab home in back of yard ( section off drive into prefab and section off duplex yard)rent duplex - live in prefabthen rezone property for appraisal of two property