Well here's what we ran into, David:You by and large need white trim if you're going to do cheap vinyl replacement windows, any sort of easy quarter-round on the floor.

Make sure you work with an accountant specializing in real estate taxation come tax time. 

@Nallely TrejoI recommend finding a tax strategist specializing in real estate taxation.

@Phillip DixonI recommend finding an accountant who specializes in real estate taxation.

But before this, if you had carpet on the wood (which is a bit crazy), it will take hours/days to remove all the tack and nails, take out all the quarter round, scrape the edges, replace the bad wood, and fill the cracks. 

What's interesting to see is what would be the effect of all this in the 3rd quarter ? 

Otherwise, you pay income tax at your current marginal rate on the $100,000 distribution you mentioned, plus income tax on subsequent profits from the investment (which you would own personally).Consequently, I'd compare your projected returns net of all taxes on the real estate investment (1) based on taking a current distribution of $100,000 and holding the real estate personally, and (2) based on holding the real estate investment in the inherited self-directed IRA.

I’m in my 4th quarter and bought ocean front property 5 years ago.

The estate offers 9 bedrooms, 10 full & 3 half baths, bowling alley, indoor basketball court, theater, 3 swimming pools, 3000 sf master closet, housekeepers quarters and much more.

'Luxury' because it's in an area of SFRs and the MIL apt in the lower quarter of the house isn't noticed that much.