I'd have to look further into the situation to determine why there was mention of YOU paying 2%.That being said, you are entitled to seek representation at any point in the transaction. 

I have not completed any transactions- but my local market is so hot at the moment. 

FHA loans are insured for their value by the US Department of Housing and Urban Dev (HUD). 

A little visit to Willie will cure any sorta anxiety though : ) A really great resource to see long term trends besides the US Census department is the texas a&m real estate center or even a visit to the austin chamber of commerce.

- Purchase price- Rehab cost- ARV (after-repair value)Items a HML would look at preliminarily to see if you're a fit as a borrower:- # of RE transactions (most lenders will go by the past 3 years completed projects, and will want to see projects similar to the subject property, although you can certainly find lenders that will work with limited exp.)- Liquidity (most lenders will include things like stocks/bonds, and money in retirement accounts as well as cash, but will mark the former at a discount, say 50%)- Estimated FICODo I get some kind of preapproval?

The self directed IRA company will not provide any advice.Does anyone know if this is an allowable transaction and what must be done to not run afoul?

Believe it or not I’ve seen it plenty of times with transactions here.

They'll need DOB permits and inspections, possibly the fire department too.

The best thing is there's no realtors involved in the transaction and no broker commissions on either side. 

The husband like I said is in the military and I have some of the information on him from their benefits department because he is on disability.