Here are some additional benefits it has over SD IRA:Great tax-shelter: contribution limits nearly 10 times higher than an IRA (up to $60K/yr)Exempt from UBIT on leveraged real estateGreater protection from creditors Ability to invest tax-free using Roth (post-tax) component Lower cost since there are no custodian, asset-based or transaction feesand more!!

Your tenants are staying with family so they are not accumulating additional hotel expense. 

Additionally, In the last few days, I have several other motivated seller leads coming in for great fixer up properties but I don’t want to dig to big of a hole before I get something earning income.

You both get to make some money, and you get probably the most valuable education you can buy.I don't do that type of work, but there are many who do.

Additionally, the properties are all over (two-flat in a suburb of Chicago, a duplex in Austin, TX, a single family home in Ruston, LA and another single family outside of New Orleans.  

I am filling out the warranty deed and was wondering if I can leave the Consideration part blank or do I need to fill it in with "for $10.00 paid and good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged".Thank you! 

Additional books that focus on what you choose could be a good next step.  

First two times payment was made shortly after and additional fees paid.

Additionally there is an issue with the subfloor in the bathroom and it is no longer safe to use the restroom.  

As is in real terms this property will be seriously into negative returns based on dead equity alone.The quick profit of 100K is far more valuable than the rent however if you leverage to the hilt and reinvest the money, assuming you still have some positive cash flow, it might work assuming rents can rise faster than appreciation and before expenses kick in (like a vacancy or eviction).