Dan,I am very knowledgable and experienced in the SDI field and can help you.There are a few legal and ethical strategies you can do to improve your financial situation outside of the IRA, using the IRA funds.You can not buy a home with your IRA and live in it (except for only ONE way), even if you create an LLC and use your forementioned idea.

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That makes my team much more experienced and capable of getting the job done right and efficient.

Then be able to negotiate with the buyer showing him/her why the economy is about to improve and now is the best time to move on this deal.Of course, the economy is just one of the negotiating tools to be used and I mention it only because it is what is in the forefront of the media these days.

I have two paid in full properties that are needing financing for improvements.

So, I need them during due diligence period to cross check the Numbers.I don't like to waste their energy on a property which I am not going to close.

Just a matter of how much time and energy you want to put into it. 

And I am an electrician with many other home improvement skills i can create alot of equity with my own two hands, i figured after doing that to the single family home i could use a credit line on the house.

Option #1 will most likely meet that criteria, you can price for any major repairs/cap x improvements and negotiate those during the acquisition, this will help you hedge against major items breaking down once you acquired.   

Unless the condo is an improved living situation, you'll have some trouble getting owner occupied financing