However, in this crazy Dallas market I think it is more of a gamble; since nothing cash flows, I would be banking on the property appreciating vs bringing in passive income.

@Wendy DetersI wouldn’t gamble your retirement on flipping.

I’m even willing to make the payments under the gamble of never getting it refunded, if I can get proper documentation. 

I consider the type of care that needs to be taken to avoid fraudulent investments in a self-directed retirement account to be on par with the level of care needed to avoid fraudulent investments with non-retirement money.As for self-dealing, you are correct that these accounts are for your benefit later on (presumably in retirement).

I dont gamble when it comes to my wealth.

I agree, it seems like a huge gamble. 

If you don’t separate business transactions from your personal personal transactions, or if you’ve been shown to have run the business fraudulently in ways that resulted in losses for others.

I bought in that location because of the lack of nice sfh and hope my gamble will pay off.

It would be fraudulent to cloud the title over an EM dispute.

Even with a VA loan you are mostly gambling on appreciation with low cap cashflow.