Details and images on link.I picked the triplex because it's a multi-family home that lists what the current rental income is, and it's been on the market for 147 days so chances are the seller would be willing to accept a lower offer.I picked the foreclosure because it was one of the few foreclosures in the area that had a price listed, and because of the low price (though obviously I know price does not equate cost).

I just recently flipped two raw land parcels in 2 different states and realized a really great return on both after some initial land improvement investments.

I actually IRRRL'ed before I PCSed to try and improve the cash flow, even after, with accounting for expenses, I'm negative.More specifically, I have the place rented out for 1800/mo. 

Any chance of tapping that equity to buy your partner out?

Capital Improvements: ???

West Greenville, Poinsett Highway (Sans Souci /TR)  are likely to capture a large part of growth in coming years as schools improve. 2) One thing not referenced is the impact Southern migration has on home values.

Better chance you don’t buy junk that just looks good on paper

The chance of showing the exact same house in the same town to more than one of a few current clients isn't going to be very likely.

With respect to paying for expenses in connection with real estate owned by the IRA, not only do these expenses need to be paid with funds from the self-directed IRA,  existing assets that you personally own or through your business or a business of a disqualified party cannot be sold to the IRA to improve the property.

Does the property really ever have a chance in my lifetime of going back up in value to $360,000 or higher?