It is not 100% clear to me from your description on how you wish to structure this transaction but remember, if you IRA is involved, all of its transactions must be 'arms length', which means no personal benefits to you and you are not allowed to provided any services.  

Especially a week after I just shelled out $25k for a brandy new nat gas system at an apartment building....lol

Thats a tough model, and does not include the money to build the actual property.There are TONS of developers building massive structures down your way - I'm sure there are plenty that would show you EVERYTHING for just a minor equity investment in their venture.

Expect significant structure around lease roll within the term.

Many buyers in Ohio shy away from homes with structural issues so if you're willing to take on the project you can find deeper deals. there is always more risk and fear investing out of state but sometimes you need to take a chance.

I have negotiated and purchased HomePath properties and they all use the automated bidding system with a structure including various rounds ending with H&B.

Those seniors will want doors and faucets that are easier to turn and a bathtub that is easy to get into, a few more garden areas, plus perhaps a simple play structure in the backyard for the grandkids.3.

@Brian GibbonsI was not aware of this issue if its structured like that.

I just want to hit this question with multiple angles so I understand how to structure the deal in an educated way as oppose to looking newb(Although I am).

If the deal is structured correctly and your lender calculates out the costs correctly, you can get in for simply 3.5% out of pocket.