I am considering two options for purchasing a A+++ SFR cash, Option 1 to place in a self directed IRA and let the IRA own the property and Option 2 is to buy in cash upfront and pay the taxes owed.I am 62 years old and have another five to seven years prior to retirement and so I am trying to set up my portfolio for income generation by that time.

Most buyers don't want to commit to an inspection expense prior to reaching terms.

Repairs will need to be done prior to closing.

I probably should've made this post prior to purchasing but as they say, the next best time to plant a tree is today.

You would think the listing agents would look this stuff up prior to putting the house on the market, but sometimes they could have bad or old intel.  

In my prior life, I was responsible for customer success for large healthcare systems.  

PHYSICAL CHECK = If you have permission you should physically check the property prior to the sale or have a professional inspector.

I got an appraisal prior to starting and my numbers looks like this PP: 137kClosing costs:5kRenovation: 230kprojected holding costs: 26kARV: 620-650KEstimated rents: conservatively--> $4400/month.

Prior to your closing make sure to ask your title agent what you need to bring on the day of closing and what needs to be completed prior to closing.

Acclimate the flooring in the room for a couple days, clean the floor well, don't put it right on concrete, don't do anything the manufacturer says will void the warranty (like adding on any additional adhesive agent), don't install in areas that fluctuate in temperature a good amount throughout the year, etc.