Will take about twice as long, but you'll get results that are about 10x better.I guess only being 50% lazy is better than being 100%, but I'm a fan of being 0% lazy when it comes to my businesses and investments...

Also once the calculator spits out the results, what number do I look at to determine if it is a good deal or not?

The owner did not say yes, or no (the owner and tenant's stories match up).

Texas has a very simple foreclosure process and as a result allows investors to invest in foreclosures with ease.

56k Minus 30% pads (mgmt maint vac) Leaves ~40Minus 14 costsLeaves 26Minus 100/mo/doorLeaves ~17Divide by 12...math for 6.5% 20 yr loanI would value the property between 189 ( 20%equity) and 220( after down PMT)Does this match the offer

@kevin fox statement matches my reality.  

It's obvious the rising prices of 2002-2006 were a result of expanding credit not increasing real incomes.

I've been told they would however sign a contract noting what the end result will be, however I am hesitant to move forward just yet.

When you get the search results, click on the People tab on the right side of the screen. :) 

If it is better than what the IRA is invested in today, and better than passive investments such as hard money lending, then you are getting the best results for your IRA with this strategy.If UBIT is a road block for you, then you switch gears and either have the IRA be a hard money lender to flippers and produce passive interest income that will not be taxed, or you buy-fix-rent and then sell a few years down the road to turn the property transaction into a passive rental, so that when you do sell, there is no tax implication.It is possible to combine your IRA with your wife's when making investments, but it gets more complicated when you do that.