Quote from @David Shirts: The first thing you need to do is unload this property that is losing you money.

Also, if the property appraises for 900k, would the 100k built in equity satisfy the equity requirement or does it have to be new money? 

You are on the money.

I am starting to believe that I need to learn the tax laws myself since I have lost so much money paying unnecessary taxes because my previous CPA's are not familiar with all laws or they just plug numbers into a software (without strategizing) and then I get hit with huge tax bills that could have been legally avoided. 

Hey Dave,It was great to meet you this weekend in Panama, one thing to consider is you would not be subject the UBIT (Unrelated business income tax) using your IRA money to buy parcels with no debt on them.

Exploring vacant land in suburbs or up-and-coming neighborhoods could offer you cheaper build costs and potentially lower taxes as well.

Keaton owns a money hungry company with disgusting practices, steer clear at all costs. 

Due to higher taxes and home insurance rates, our cash flow has literally been cut in half.

I think that the high taxes (which are currently undergoing reassessment) will kill any cash flow.

Are there any other tax implications to this?