The large components to any rehab project are: 1)Renovations Costs, 2)Holding Costs, 3)Buying/Selling(Closing) costs, and 4)Profit.

In my mind, this is a key component to me making my first RE purchase.

The 203K component of the loan is a rehab loan.

Highest comp on next street, which isn't as good as this street, is mid 600's (3300sf).

    The beauty of creative financing is that there are many components so it allows a buyer to craft a good deal from one that may not appear to be that good or a great deal from one that is already good.

To the detriment of having rent paying tenants they wouldn't fix their roof?

You would have the opportunity to generate cash flow with no money out of pocket (but bear the risk of negative cash flow if vacancy drops further), she would get stable long-term income with no management component.

A faster, easier, and more economical way may be to partner with a investor who has good credit and experience, but is missing the liquid cash component, or could greatly benefit from having cash liquid.

Not all IRA custodians accept the single-member LLC as an asset of the IRA.There are two key components of the IRA LLC - setting up the plan and using the plan properly within the IRS guidelines.Find a firm that specializes in this and that can offer you meaningful guidance after the initial setup.  

As an example, CPAs provide cost segregation studies for clients across the US and commonly cite TC Opinions to support the movement of depreciable components from 27.5 years to 5 year personal property.