The grace period refers to the triggering of late fees.

I have been finding that deals are still on mls you just have to pull the trigger much faster and that can be hard when you are newer investor. 

I hope that doesn’t trigger withholding on that outside income to Florida..Let me know your thoughts on this if you have experience with these types of transactions.I appreciate your time on reading my post...Lloyd

If you are getting a mortgage you dont want to trigger a due on sales clause or something of that nature.

I don't mean to sound confrontational, but Peter is clearly looking for information on how to buy his first house in a new market, and to fill his head with delusions of grandeur about 20 caps will pretty much have him spinning his wheels and never pulling the trigger on anything.Peter, there are lots of nice up-and-coming areas in Tampa (there are also some bad areas to stay out of, namely Sulphur Springs and anything around North Howard Ave by Downtown).

I think one reason why people actually don't pull the trigger and take action is their fear of failure.

In order to do that you’ll need something to trigger it.

Since I had the cash, I decided to just pull the trigger. 

I agree with everyone on here, no way to transfer the property out of the IRA and retain an interest without triggering a distribution.  

However this will allow the bank to trigger the due on sale clause.