Selling at FMV avoids the gift tax but provides your child with a higher tax basis, reducing their future capital gains liability.A better strategy for selling below FMV is to sell the house at FMV on an installment note, then forgive interest and principal annually up to the gift tax exclusion amount.

Quote from @Jake Thorpe: I have raised capital and am now looking to fund my next deal I need to find a private or hard money lender who can provide financing for land + new construction. construction timeline is about 4 months, looking to refi into 30yr dscr  after construction is complete. will need around 213kARV spec value after construction is around 355kPlease get in contact with me asap, I dont want to lose this lot! 

You wont pay capital gains when you sell the house as long as it is in the SDIRA but you will have to pay normal income tax when you withdraw cash from the SDIRA after retirement but would you rather pay income tax on $90K or $300K?

It would be wise to ask your CPA the capital gains exposure once this strategy is being executed.

So, there is even more risk.The things that you can do, include being properly capitalized, not be greedy, (in whichever way that may be defined in the county you are buying), know solicitation laws, know Dodd-Frank, the Consumer Protection Act, the S.A.F.E.

Possibly in capital hill area.  

I will gladly assign you some remedial tasks associated with my projects and for your efforts and generosity I will assign you Co-GP title and send you out into the world to misrepresent your capabilities and track record to raise capital from others.

@Michael Overall Utilities and interest paid before a property is in service must be capitalized and added to the property’s basis.

They will usually want to see you have the capital for closing costs and some "reserves", meaning they want you to have a few months left over to cover any surprises.

If your considering organizing a capital raise perhaps you should focus on large companies that advertise on the websites to be doing a capital raise with a debt offering.