To be more exact, only half of the house caught fire and the other half got the water and smoke damage from the firemen and all that.The place is uninhabitable; tenants were not home when it happened thankfully and moved out the next morning.Now, I am awaiting for the adjuster to assess the damages.

I wanted to clear a few things in case It happens again.In a deal like this, how do you guys deal with the HOA, meaning, do you investigate about active/potential special assessments?

In assessing the use of equity you must also understand that due to the opportunity value of cash buying cash flow with equity to create artificial cash flow is extremely expensive.

William, selling property from an IRA to self would be considered prohibited transaction, can't do that!

@Tyler Biekert  a mentor is a good does but make sure you do a lot of self educating first so you understand the basics.  

I am very familiar with the laws for wholesalers in ohio and there very strict and the best advice I can give is study terms and words you can and cannot say things like I have a house for sale or anything referring to the house sale it self .

Yes, this includes stocks, real estate, freelancing, self-publishing on Amazon, etc. 

The property has always been self-managed, he has not had the energy to fill nor are the ones he has great.  

Each Level is assigned a role within the system, which is how/why they feed into the next Level.4 - An understanding that a Perfect System is both Self-sustaining, and repeatable.5 - Understanding the difference between, "cost and expense".6 - Understanding the only important rule of Poker, and how it applies to REI.7 - Understanding the enormous importance of this number sequence. 

If you are looking to self manage, I would look into Cozy.co.