Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

As a side note typically I do not use my deferred tax dollars to invest in traditional real estate as the benefits (depreciation etc) are all lost when using a self directed IRA - My guess is build to rent will provide little to no cash flow to build the account - it will all be locked in the property. 

If it's a fixer upper you would account for the rehab and purchase price then compare against the ARV.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

I think with it being newer accounts/investors they don't think of the specifics needed.

Do you know if there is a service, monthly or annual fee for opening one of these accounts? 

...and the account is closed.

Some costs are eliminated (such as 'soft charges') while others are accounted for in the interest rate. 

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.

Bigger Pockets is a great place to find a tax accountant specializing in real estate taxation.