Yes, you can use your Self-Directed IRA (SDIRA) funds to buy and rehab a distressed property, but strict rules exist.

If I borrow $75,000 on a $200,000 house I know the payment will be around $600/month.  

In other words, that percentage will only rise (unless prices begin plunging).Existing home sales rebound, sort of.

I am about to buy a house under owner financing in virginia in the norfolk area and need some advice on how to proceed.

Setting a reserve price and then having an open house the day of the auction to accept bids and hopefully find a direct buyer. 

IIt passed the House overwhelmingly, but is being held up in the Senate.

Have the realtors draft an addendum stating that you are going to take deed/title of the property at close of escrow, but that the seller is going to "rent the house back" from you for a month. 

That would give me enough time to repair the house to meet conventional standards and force equity for the cash out LTV %.

Hello, my husband just became a licensed realtor and we are looking at creative financing options to house hack/ make our current primary home into an investment property and purchase a new primary home for ourselves. 

@Darrell Kirby unless you know what you are doing, letting someone buy your rental, "Subject To" (the existing mortgage) is not advised.Typically, they will want you to transfer the deed to them, but keep the mortgage in your name.