Unique situation that I’d like advice on.

Once the rehab was done I refinanced out of the private loan into a conventional loan as a primary residence.

How would the situation differ with a home that’s never been a STR but would become one, or a home that’s for sale now that is a current STR.

these investments will either make sense for you and your family's financial situation, or they won't.  

There's no current loan on it right now.

2nd home loan How did you add value to the deal?

Quote from @Samuel Hudson: Hello friends I am new the market and recently bought a home in Weehawken 6 months backs .Its a three family home and we are currently doing renovations Right now.The rent leveling board told me that two units would have to follow a rent of 1650 for unit 1 which has three bedrooms and another unknown amount for unit 2 which they don’t have the information for .The previous seller I purchased the property from bought it as a tax lien .He has kept the property vacant for two years with no tenants before selling it to me .However ,the previous Owner he bought it from must have had tenants .I am putting in a lot of money into renovations and want some clarity on the situation I am in .The property has been vacant for the two years and currently still is as we are doing renovation .It would be really appreciated if anyone can assist me on what information needs to be provided by from the previous seller for me to be able to set the rent based on the market value .Thank you . 

In this IDEAL situation the savings is minimal.  

Depreciation Benefits via Leverage: While you can't claim depreciation personally on IRA-owned real estate, SDIRAs can use non-recourse loans to purchase property.

Most non-FHA loans will require at least 15% down but you'll have to have amazing credit.