I just sold a SFR rental property for another BP'er who lives out of state - we just went on record at the Registry of Deeds a few minutes ago.I knew that the market was very hot in Quincy, MA where the house was located, so I set the listing up specifically to orchestrate a bidding war, using a combination of timing and strategy.I got about 65 people through a 2-hour open house. 

If a property is purchased using a Self-Directed IRA, and is retained as rental property, can that property be financed out of the IRA into the company/owner's name with payback of the funds drawn on the IRA? 

This will allow people to get to apartment 2 without using a ladder!

In the examples and statements I made here, I was intending to make the point that someone found and bought the properties at a significant discount, using a wholesaling lead generation system.

Like I said this was just an exercise in understanding cap rates using a real world example and NOT a property I was going to bid on or do anything more then just look into the numbers publicly available.Special call out to @Andrew Johnson for the great reminder to do due diligence.

The way I got into my first rental was using a FHA 5% down and living in it for ~1.5yrs, saving up money for the next property and renting out the first.

Where you planning on using a managment company?

Score is low, job income and trade is newer, using a gift for down payment,etc.I am not a lender or a mortgage broker however there is a very high chance that you will undergo manual underwriting instead of desktop to have any chance of a loan approval.On the EM try to make it as small as possible and also try to build a bunch of outs (contingencies) in the contract.

I don't think you getting anything else on the interior of the home but they did leave money on the table in regards to the debris removal allowances that should be higher and overhead and profit which should be included in the carriers estimate if you are actually using a GC given the multiple trades.

So investigate your State's Regs on onsite manager requirements and determine if using a PM(Property Management Co.) would satisfy the requirement (ie: there employee being you onsite manager).