In my opinion, $90,000 is too little capital to invest in real estate within a retirement account plan.LTV's are lower when investing with a retirement account plan - Around 65%Meaning if you were to use $60,000 as a down payment, you would likely only buy a house around $70,000.$8,000 would likely go away in closing costs.

Make sure that your tax accountant understands this. 

Do you see why we accountants say "likely" and "possibly" in every paragraph we write?

Maybe self-accountability does matter. 

They just let me know I wont be receiving rent and the reserve accounts have been depleted. 

No MTR tenant wants to open an utilities account in their name for a few months.

It's just going to cost you quite a bit of money to have your accountant prep all of them.

(I lived in Houston for 29 years--last place was the Rice Lofts downtown.  

Based on what my real estate agent thinks that this quote will be, roughly, and the after repair value, it looks like I could buy this property in cash, spend a month or two fixing the damage, and then put a mortgage for roughly 1.6x what I paid for it and thus have a cash flowing property at a few hundred dollars per month and a little more money in my bank account ready for a down payment on the next deal.

I can "cash flow" more from my stocks/index funds and high yield savings account with far less stress.