The income to the IRA will be passive in nature and therefore 100% sheltered under the IRA.If you and her IRA were to form some kind of partnership - such as a LLC where you and her IRA were the members - and then split the profits, that changes the nature of the transaction for her IRA.  

Maybe need some deep piers and consider seeping water/radon/methane/natural gas or whatever else was mined there. 

New tenant - a waiting period - Then you have to paint the place and change the carpet - natural wear and tear.

I find that the same drive I have for basketball and the competitive nature, is easily transferred  to Investing.

I don't really know the nature or circumstances of the transaction.

Being the current season in Michigan it is naturally more difficult to find a tenant so patience is the key right now until about March.You may try playing with the price also.  

I am sure you can tell, even by the nature of my question, how new I am to this.

What about natural gas?

Whether you want to deal with those terms is of course up to you; personally, I've done so regarding smaller portions of the rehab (some windows, granite, cabinets, things of that nature).

One of the rules is: "100% of funds due at time of sale in Cashier's checks made payable to the bidder as a natural person (Not as a Legal Entity)"Will I be able to use solo 401k checks to purchase if I wanted to?