The good part about the loan is that I got approved.  

You will have benefited from loan paydown and appreciation while you lived there.

I am looking to loan some money to an investor to flip a SFH and am looking for some of the details regarding documents required in Illinois. 

Get the home then the next day or whenever you get official title, record the title and the lien for a hard money loan and payoff whoever lent you the money for the purchase.

My wife and i are currently raising the money to put a down payment on a 4Plex (Using an FHA Loan).We are just unsure what to do career wise so that we can have capital to invest more and more each year?? 

@Amul S.Sure thing - Lenders go by the appraised value of the property, and lend you 70-75% of it's value.In order to do a successful BRRRR and cash out on all your initial capital, you need to make sure you can renovate and increase the value enough so that it meets this "rule", and you can get most if not all your money back and to pay back the HELOC.If your property appraises for 100k, most lenders will lend up to 70k-75k.I put the word rule in quotes because different lenders have different guidelines, but if you are looking for a conventional bank product like a 30-year fixed rate loan, Fannie Mae has their guidelines on how much they can lend up to.

@Joseph Michael The goal of the FHA loan was for owner occupants, but i'm not sure since your wife is living there if that alone would qualify you.

. $190-200K, I have $95K remaining on loan.

Since purchasing a home with an LLC can only be done with a commercial loan we were considering buying it in our personal names and later transferring it to the LLC.

Portfolio loan local bank, 20% down How did you add value to the deal?