Also, reading the title ownership on the county doesn't help if you don't know how to interpret some past events.  

What you fail to realize is there are varying degrees of risks investors are willing to pay for, depending on their own interpretations and return expectations. 

Some states interpret that as performing actions requiring a license without actually holding the required license.David J Dachtera"Success is not a destination.

You will definitely want to work with your plan provider and/or a qualified tax attorney on this deal.This gets into a grey area, with a reasonably accepted interpretation in the CPA world as follows:Your IRA may joint venture with a disqualified party such as yourself with the following considerations.The JV is entered into by both parties on day one.  

@Garry CookSorry if I interpreted your post incorrectly.

The legal interpretation we have is selling, which means closing within the 90 day period.My biggest concern w/ your deal is the skinny $14K margin.  

What tips do you have to help a newbie prepare to interpret proformas when I start looking to buy in a few months?

Although David's post can ruffle some feathers, I do hope that some will interpret it as motivation to do some due diligence before asking for assistance.

since the interpretation of the IRS is that a refi immediately before a sale is a taking of profit, and since you can show a paper trail that demonstrates you were simply exercising your normal business practice, reinvesting the re proceeds in other properties and not taking cash/profit out at any time - you've got  a good argument if ever questioned.  

Is that correct in how I am interpreting that?