You think that if you get in and just renovate one or two properties, clean the yards and plant some nice garden, they will all follow in the tradition of "If you build it, they will come".

As the church is the borrower, there is no need for personal income/tax/credit verification---lending decisions are made in most part by the church's cash flow using one of the two following approaches:- Traditional DSCR approach (common amongst commercial lenders)- Multiple Income approach (giving value to collections, donations and using a multiple ranging from 2 to 4 times the Church's total income as a basis to determine max. loan amount).

No it can not be done traditionally.

That is currnely not rented to count towards your qualification) I don't deal with traditional lending.

The question stated in the subject is one of the areas my mind considered....in particular the question is in relation to purchasing a buy and hold property via hard money or private money with the intent of refinancing.....my train of thought, and it is likely wrong, is that sense most traditional mortgages require 20% down, it is in your best interest to rehab the property to at least 125% of the original purchase price.

Unless you're in love with the style, I wouldn't worry about investing a lot into keeping it, it appears to be a dressed up box, that can be changed to any traditional style. 

I finished this deal the "traditional" way of investing, by putting 10% down on a conventional loan etc...Turns out i ran into another deal as i was finishing my first one and this one seems like a great deal as well, as the seller is very motivated and is willing to work with me using creative financing.After hearing her story about why she wanted to sell and what her goals where, the best method I came up with was giving her a little cash and doing a subject to deal....buuuut i've never done one and I'm a little nervous about the dangers that i've read about on BP. 

I am in essence emulating what he does, and so far it seems to be working.One of my goals is to also build wealth outside of the SDIRA, partially because I see higher return potentials by using leverage on traditional properties.Adam,I would plan on paying off the HELOC at the time of sale of my primary home.

So, the question is moot.In a traditional IRA, there is an element of "intent" involved.

I have not transferred my traditional IRA there yet but they came highly recommended from some local investors in my area.https://www.midlandira.com/real-estate-iras/