When that portion was complete, I could then receive draw money which allowed me to pay my utilities, taxes, and mortgages.

I'd also add to that that you are paying a 20% withholding tax on gross rental income. 

So many variables can turn a deal sideways from 1 hour to the next - i.e. inspection findings, title issues, contracts, financing issues, taxes, dept. of buildings/local municipalities, etc.I'm glad to hear you made it through the challenges, and it sounds like you'll be able to leverage this experience as you grow your portfolio.All the best to you along your journey!

@Brad Kanouse Using Traditional IRA funds for an investment property typically incurs income tax and a 10% penalty if you’re under 59½, as investment properties don’t qualify for tax exemptions.

Then there were some issues with the inspection report that ruined 3 contracts prior to me getting involved.

Given the market conditions and your hard money loan, it might be wise to first calculate your monthly holding costs, including loan payments, taxes, and maintenance.

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

I've been buried with tax preparation and a couple projects, so BP moved from the back burner to completely off the stove!

If so, there are no transfer taxes due. 

Some private lenders like the one I work with doesn't require appraisals on fix and flip/new construction loans and also doesn't require tax returns/W2s.