That could be thousands of dollars and be a nice boost to your finances.

The tax generally does not add up to much, and the IRA should still see a significant benefit of leverage in higher cash-on-cash returns than it would with an all cash purchase.You will want to have experts such as a CPA on your side if you choose to pursue such a strategy, but as I have noted, the boost in return can be well worth the administrative overhead.If you are self-employed and have no full time employees, a Solo 401(k) may be an alternative self-directed plan option, and such 401(k) based plans are not subject to UDFI taxation on leveraged real estate investments.

I am finding the prices of condos varies dramatically with in even the same zip code.

Would he be able to use the secured second trust deed as "income" to boost his debt-to-income when buying a house?

My time dramatically got cut down when I partnered with a good contractor to create a general contracting business.I invest out of state so I spend no time on site unless I am out in Cincinnati for another reason.I will not do a project unless I can refinance all my money out and cash flow positively.

Flooding not new to Houston so unlikely to have any dramatic impact on cost of flood insurance (Federally subsidized). 

The property slopes slightly to the North, and has a pretty dramatic drop in grade on the N side of the property for about 4 ft.Let me know what you think!

Added laundry, dishwasher, and central air to boost rent.

They're extremely dramatic, and everything is catastrophic. 

Northside is a great neighborhood for flipping, because it’s been in such dramatic transition, you have those spreads to work with.