You are not on the deed, nor the mortgage, and that would throw up all kind of red flags, ESPECIALLY at NavFed. 

No reason not to throw the kitchen sink at it.

Define lowball.If it's a $380k house, I'll throw a $325k out there depending on where I'm at.

Lehigh valley is rough. prices are so so but so are values. tough to get out on the refi if you dont buy correctly. that's in any market.... the days of throwing lipstick on are over if you want a good appraisal. build a team. find people you like working with in the areas you want to work in.

Purchased the property in 2021 on an awesome owner finance note with the intention of starting the build quickly thereafter.We had, what I thought was, a great quote in hand to throw up a pole barn and start our journey towards financial freedom with a grand slam of an investment.

perhaps you want to cash out and throw the money into a fund like Open Door Capitol and just let someone else handle if for you...thats a great option too. 

Hey, no need to throw shade lol.

I am saving as much as I can for now and hope nothing catastrophic throws my plans into jeopardy. 

Just wanted to throw that out there as I noticed it hadn’t been mentioned.To answer your question directly, no you do not have to actively manage a property to use bonus depreciation (or Section 179 depreciation), but you may be subjected to Passive Activity Loss Limitations if you generate a net loss.

I'm going to throw out a suggestion here but instead of cashing out your ira, you should look at turning it into a self directed and invest it.