No evictions, no felonies, 2 1/2 times income.

It has no water or power, I wanted to use Hipcamp and put a nice tent on a platform with a outhouse. 

No. 

No return.

After getting the funds letter, which clearly states no appraisal was needed for this property, at the day of the closing, they came back and said no funds will be released until we get an appraisal.

There are several people who make this approach work well for them so It no reason you cannot be one of them. 

I am trying to figure out if this is worth pursuing: 2021 build3 bed 2.5 bath 1 den Fenced in pool40k down40k ballon in 4 years 0% no payments Interest rate 3.125%PITI - 2961BALANCE 418000Estimated value 495000rent estimate 3200

The biggest reason is to learn without using my own capital. 

My name is Ama and I have been wanting to get started with real estate investing for over 10 years now but there has always been something stopping me; not enough capital, credit, no team or connections, fear, etc.

@Robin Cornacchio correct, there is no such thing as capital gain taxes for an IRA.