Also contact one or two local brokers and see if they can be of any benefit.

@Don Konipol, to answer your question, I am interested in starting a real estate related business...buying property for the rental income, tax benefits, etc.

There are exceptions when the IRA uses mortgage financing or for certain types of real estate transactions that are businesses as opposed to passive earnings (i.e. flipping houses).IRS rules that accompany the tax-sheltered status of the IRA prohibit you and close family from personally benefiting from the IRA - other than by growing your retirement savings. 

All those challenges can become overwhelming if you don't want the benefits enough.

Would the cash flow of the 2-3 properties outweigh the benefit of the condo.

Depending on your house value, you can keep it and benefit from the future appreciation (remember, this is not guaranteed) and use the equity you have in the property to buy cash flowing investment properties. 

You dont have to reinvest your basis for the benefits vs the 1031 where you have to reinvest entire gain plus basis.

So why not plan a college fund with tax free benefits with no interest.

Our company will also be operating as a relocation real-estate service helping our many large corporation in the Seattle area find housing for their employees relocating to the area which will benefit both the property management and sales division. 

If your war chest is tied up in the equity to this property then a sale and redeploy of the equity can probably benefit you.