Prior to 1996 the process was rather restrictive. 

You may not be able to restrict it to a particular sex.

That would get you around the hard money restriction on them not lending for owner occupied but I think you’ll have some issues on selling to yourself since it wouldn’t be an arms length transaction. 

You do have to be somewhat restrictive with what you let them have say in or they will become your boss and could end up demanding things you didn't intend to do, so we are very careful with that and generally limit what they can pick to color of paint and carpet.

Id suggest reading HUD guidance memo FHEO-2013-01.Also be sure to follow any state or local fair housing laws as well which can be more restrictive than federal ones.

My firm is very open to trying new things, being out in the investor spheres, and doesn't restrict what I want to do. 

The "early bird gets the worm" argument had a lot of validity when work was restricted to M-F/9-5, but we work in a technologically-enhanced era that lets us stop thinking about this question entirely and instead changes the question to:When do you personally work most productively?

There are no prepayment penalties and no restrictions on what you can do with the proceeds of the 401k loan.

Some investors have bank account in HongKong which has no restrictions of transferring money out. 

Also, it's in a 100-year flood plain (any building restrictions on this?).