The IRA funds would not be able to be combined with other personal funds as in your note above. 

What is needed is staged protection combining multiple layers, and its not very expensive.

Property was just a good combination of the "right place and right time."

For a renter you describe including a washer/dryer is probably more appealing to them than having a brand new modern aesthetic as in many markets those are not typically included.

@Noah Bacon I think the fact that they are combined could be a reason this is a less-popular forum.

If the balanced is refinanced into a conventional loan there would need to be enough value in the property to meet the lenders CLTV (combined loan to value) underwriting requirements. 

I've been able to get a healthy combination of both cashflow and appreciation from all my properties after a little TLC.

The best scenario is a combination of all 3 or some other unfair advantage.BRRRR is a cute term, but let's call it what it actually is - you're taking on a mess and long list of problems that someone else could not solve.

As of now, there is the community and masterclass combined. 

There are lenders that will allow up to high combined loan to values for helocs and/or second mortgages.