As an inspector, we learn what to look for and estimate remaining life of major appliances and roof.Ben's approach, I believe, gives you what you are looking for. 

I've called my bank and they have no product to help me (and had no knowledge of what an SDIRA LLC is)...and maybe there is no option but thought I would check with others.When establishing a checkbook IRA what do people do for the actual checking account...meaning,If I have 200k that I want access to I understand the steps required to establish this SDIRA but I hate to leave 200k in a checking account and earning nothing or very nearly nothing in investment interest...I will have the 200k sit there until I find the right investment, maybe the investment doesn't use the entire 200k, and/or then there is the money coming back in from rents I don't really want that to sit either.I do realize that I can buy other investments via this account but what is the best way to do so while still remaining liquid so I can pull the trigger on the right opportunity?

Looking to possibly buy a property for him to stay in plus rent out remaining space.Looking for something that would cashflow as a standard rental in case market turns down and I can't sell when he graduates

Track Comparable SalesAlthough we are still hovering near the all-time lows with respect to the 10-year treasury, consider that for every 1 percent rise in interest rates it takes somewhere in the neighborhood of an 8 percent increase in Net Operating Income to remain at par as far as your property value is concerned.

Also, for an LLC. to remain valid, it has ongoing annual tasks that must be completed.  

The town is tough, there is not a ton of inventory and unlike Meriden where I normally work, there are simply less buyers.In the end I was satisfied with the sale time and price, satisfied with the renovations and costs other than the septic and extra holding costs (would have been on target taking those both out), but the length of time with the house and septic hit both hurt.I consider it the cost of business, learn from it and do better next time!

H&R Block software prompts me: "When you stop using a property for income, if you didn't sell the item, you may be able to write off any remaining basis" which then refers me to fill out form 4797.

My related finance company made over two billion in loans from 1975 to 2014 when I sold off the remaining loans to an institution.

It's just that 3.5% is cash, 5% because you're an owner occupant, and the remaining required balance of the 25% down payment is in the form of your HLAW and sales ability. 

I'm not sure the best way to go, cash back refi on the land, (and use that cash and remaining cash I have to build) construction loan, bridge loan?