You have to live in the property for a year as part of the deal though.While your living there and when your done rehabbing, you can then look to acquire another deal, either with your own money or together with a partner.

By replacing UBIT with corporate tax, the rate drop is significant enough that the net after-tax ROI to the IRA may still be favorable relative to other passive opportunities the IRA may have access to.This is not a meaningful strategy for the typical $50-$100K IRA, but for someone with the capital to really do a volume of flip transactions, it can be worth exploring.

Do the same for the other properties you plan on acquiring in the DC area.

They usually are ok with it because they don't have access to my resources.

I'm an investor myself and it's definitely a hard time for people who are trying to generate their own leads for deals.My firm actually acquires 20-30 distressed properties a month and works directly with investors to help them find good deals.

I will continue to work a full time job and have access to another $100k I will keep in the stock market, so there is access to additional capital if absolutely necessary.Any inputs/advice would be greatly appreciated!! 

I have access to about $20K more in savings and family.

Finally, I spent two years almost exclusively working with investors, providing nearly every type of financing.My guess would be this: there is a very definable trade-off between local knowledge and access to properties that "check all of the boxes". 

Side note: I have access to the property to clean up and make repairs.

Consider Flipping as a means to generate capital needed to acquire properties.