So for us if we can pay it back in 2 years or less, we will write off that interest and have it paid back in that period and look for the next deal. we find that if it doesnt pass our heloc test it wont pass  our SDIRA test...

Moving forward we are exploring possibly combing households due to the large size of the property and the difficulty of upkeep but there are several questions/ issues that need to be addressed so it does not put either of us in a compromised position.When her husband died a friend paid off her mortgage due to it going into foreclosure ( 210k total).

Seller can substantiate that he paid the contractor far in excess of the work done, but I want to be preemptive on this if I can, despite the fact we can show the invalidity of any mechanic's lien from this GC were it to be filed.

If you buy the expensive kitchen cabinets , and the contractor accidently drops a $900 section .

I am certainly not a tax expert, but fwiw, I just looked at my closing statement from the purchase of a Brooklyn multi-fam and as purchaser, I paid the following taxes:Transfer Tax Additional Transfer(mansion)taxTransfer Tax Supplemental NYC(mansion)taxMortgage Tax 1st mortgage

Expenses also went over by about 5k so that was doable.

But they are also expensive, I believe 3k just to sign up with them.

I just get invoices for any expenses and drop in QBO....it works great for me with 5 properties and a business.Good luck.

is the 1150 with all bills paid market value or under market value? 

I would imagine that the tenant either paid up or reached an agreement to move out in exchange for the owner dismissing the suit