What if I'd like to add/modify the foundation wall to add a window to meet the code - is this cost prohibitive?  

I originally was looking into DFE, but decided it wasn't a good fit because the cash out was very limited and the amount of cost added by taking an extra loan within the 6 months period was cost-prohibitive.  

@Jeremy Clarke I'll just chime in on the current "by the book" situation...Current City Attorney ruling here is that short-term rentals (ala AirBnB) are prohibited based on municipal code.  

I imagine this could be prohibitively expensive given the amount of work.

And it is my understanding that the cost of such Warranty coverage is so cost prohibitive that it discourages sellers from selling their renovated home within a 10 year period, (after which seller-financed warranty is not required).

My question is: I have 150k in an IRA and if I turn this into a Self Directed IRA to purchase the property the original amount would I be doing a prohibited transaction because I already put down the 10%???

I think with HOA fees and mortgage payment, maintenance and capX it would be tough to cashflow as a typical rental but it is close to downtown and the boardwalk so you could airbnb it if there are not CC&R prohibiting it.

I have been told to split the power lines between the two units so they are each metered separately would be cost prohibitive, is there an inline option that can show me the consumption?

. - I know that's prohibited.  

Using PayPal and such have prohibitively large fees.