@Tahiv Grantham In a lot of towns they will cross reference with the building inspectors as to whether or not you made any improvements.

I can get a good deal, but the number of purchases I can transact is limited by the capital I have.Here's a scenario that's pretty close to what I'm trying to accomplish:1) acquire property with an ARV of $350K for $200K cash.2) rehab, place tenant, season for 6 months3) after 6 months, do a cashout refi based on ARV $350K, and pull out ~$262.5K.

They always go the extra mile to make any wacky transaction happen.

You can still app, get full underwritten loan approval,  clear all your loan conditions, do your appraisal, then order loan docs after you've transferred your title back to your personal name.Your settlement agent/escrow/title will most likely ask you for your LLC operating agreement to document the chain of title and that you owned your LLC prior to transferring it to your name to issue the title commitment/policy for your refi.Hope that helps.  

The danger is if someone in the chain doesn't perform, lots of people are involved and lawsuits could get started if it didn't go properly.

Now we have our fingers crossed they get signed and we can continue moving forward.

How do I follow through with the transaction and keep the property from going through the foreclosure process to secure the investment for me and the other investor?

A property on the "verge" of foreclosure closes no differently than any other on market transaction.

Why not go for a seller-financed transaction? 

I wouldn't be opening this IRA for just this deal or flipping in general (may invest in longer term assets later on down the road), but would this transaction cause any UBTI to me personally?