The HOA can decide to do a special project or make a short 3 story elevator more hurricane proof ($800000) or have issues after a hurricane and then you are definitely not ahead of the game.Please connect with me and I can maybe point you in a better direction.

Depending on your deal, reserves may or may not be required to be in your name - although you can use other accounts i.e. 401ks, IRAs, etc. towards that reserve requirement. 

I also agree you can connect with Alan Ceshker in Austin as he's one of the attorneys that will help structure these deals. 

If you have no desire or ability to go to your own hundreds of thousands dollar investment, why even deal with it?

While I have not yet closed any deals, my commitment and research have prepared me to take decisive action when the right opportunities arise.

Now, you need to figure out how to find deals and pay for them.

Basic, but functional faucet.Appliances ($3,500):Focus on essential replacements.Refrigerator: Energy-efficient model.Range: Standard electric or gas range.Dishwasher: Basic model.Consider deals, scratch-and-dent appliances.Lighting ($1,000):Recessed lighting in the ceiling.Under-cabinet lighting.Basic pendant lights over the island.Paint & Trim ($500):DIY painting.New baseboard.2.

My target asset class is multifamily and I just had an LOI accepted on a six unit deal in South Jersey. 

Buy: $284,900Rehab: $115,000Holding: $16,500 Points: $3,413 Selling fee: $30,000Insurance hold: $2,000-$2,500 (maybe get back $1,000-$1500 if you close quick)Other title/escrow purchase: $2,500ARV: $500,000Profit: $46,587 (9.25% approx) I would do the deal, especially if you get that gap for rehab closed 3-4 months and tighten up the rehab costs too ($100,000)   

Based on your description, it sounds like you would violate the self-dealing rule and could put your SDIRA at risk.