It looks like your average time from your 6 recent transactions is over 3 years, is this all build time?  

Doing prohibited transactions with the ease of a check book is there.- The main issue is that you can't add more funds, as in a $5k contribution annually, without disolving the LLC funding and re-registering the LLC.

This really is a super easy deal and I do similar transactions every month.I don't know what the ARV on this property is, how much work it needs, or what the income might look like, but if there is enough equity after rehab, you might consider just selling 1/2 of the property to another investor for the amount you need to close it, pay the taxes, and rehab the property (and if there is enough room, include a little extra for your pocket).

Paul, you may already be done with the deal but if you do two separate transactions as wisely suggested by Steven, make sure you have a cross default clause, it will cover what Eric K mentioned.

With the new year starting I am definitely aiming at my first transaction to begin in 2014 and I have enough confidence to begin so if anyone has advice it will be useful.

I enjoy engineering transactions for others with properties that don't work for me for whatever reason.  

The E&O company I use waives the deductible on specific transactions when you pay for a home warranty through one of their providers at time of close.

That is as far back as they check and only question transactions during that time.

HUD also has an area on their HUDhomestore.com website which gives you the winning bidder results on recent transactions (it's a button on the upper right if I recall).Mark Ferguson is on the site, and is a high volume HUD listing agent in Colorado.

Number 2 and 3 as long as you are not asking the title company to use the end buyer's funds to close A to B transaction.