Did u physically go there to look at the property?

-If the the investment is multifamily, generally 40% of IRA funds are required.Typical Loan Terms Available from Banks Specializing in IRA Non-recourse Loans-5year ARM-10 year fixed-20 year fixed-25 year fixed-$50,000 to $55,000 minimum loan amount is the common figure.Closing an IRA real estate transaction when a non-recourse loan is incorporated-Average closing time-frame is 30 days with a non-recourse loan.

With 40+ employees during peak selling season, you should really incorporate and do a better job of protecting your personal assets.

However, specific rules apply such as the following:The real estate property is purchased at the same time and debt financing cannot be incorporated.

That is why so many corporations incorporate in Delaware, because it is a corporation friendly state.

Or is your company incorporated in Indiana?

(For example, not getting a gas leak fixed);Physical changes in the property insured which result in the property becoming uninsurable.

Absolutely need to limit your risk here by incorporating or protecting your personal assets in some other way.. umbrella insurance, etc.

My name is Greg Byers and I am a Physical Therapist.  

This option has potential to make you money down the road by physically putting the equity into the house, like you said by fixing it.