In addition, now we have to fix up the unit and get it ready to be rented as soon as possible.

Also, any additional info on the "replacement cost" vs.

Target Refinance Property Value: $180,00075% LTV : $135,000Anticipated all in costs + Loan Balance of $95k: $122,607.42“SHOULD” get all of my money back ($27,607.42) in addition to some profit depending on the closing of the refinance.

Hello Liwen,In addition to custodial self-directed IRA and Checkbook IRA you may qualify for a truly self-directed Solo 401k plan, which does not require a custodian and you don't need an LLC to have the checkbook control.

I have a couple of quotes for repairs on the roof, and I have a sense for about what it might cost to do some other additional things, some we might do. 

Additionally, I would suggest getting a better feel for what the seller's true motivations are.

That's not factoring in depreciation recapture, which will cause additional tax.

If anyone can offer some info on how to best structure something like this I would really appreciate it.As additional info, I plan on buying in an LLC with a commercial loan.Thanks in advance!

We were informed 2 days before moving in that they only had a temporary CO and that some additional electrical work needed to be completed. 

Don't forget that you need cash  reserves and closing costs in addition to the down payment.