I am currently purchasing a home that will work great as a Rent By the Room. 8 bed and 6 baths in the DFW area.

So, make sure YOU understand the copy & paste info below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

What's the location, purchase price, expected Reno cost, ARV, etc.?  

Between the equity on the condo and the extra cash you have, you can purchase 2-3 homes. 

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.

Here's the key components to calculate your tax liabilityAdjusted cost basis - Is the purchase price, plus capital improvements, minus depreciation.

If I sold, I think it would be by a hair that I can offload the property for the balance despite a tax value of $440,000, but it would get it off my books completely and free up my VA loan to purchase again. 

Double close: You do actually purchase a property and then sell it the same day to another buyer.

Purchase price: $150,000 In the process of buying 1.21 acres in Isabela, Puerto Rico.

Unless maybe you have an option on the purchase of the real estate or something.