@Paul Doherty You clearly understand the benefits of leveraging.  

I know that that sounds funny, but we get so set in our ways, that even if what we are going to do is going to benefit us and our families, we don't know how to handle the positive side of the changes...because it is still change. 

The only 'extra value' that I would see in the Traditional IRA is that it could be converted into a Solo401K for the benefit of 'leveraged investing' and avoiding some of the potential tax liabilities of leveraging my ROTH within my SDIRA.Thanks, Dan Dietz

The other biggest benefit is, water habits don't typically change, so if you see that water usage raises by 3500 gallons a month, good clue that extra people have moved in...

I am looking for something that would benefit from some rehab but not major rehab and probably focusing on SFR currently but with an interest in something bigger once I figure out the area.

Thanks Charlie,I agree and appraisals can be influenced in your benefit if you want to play that game.

And you get the benefit of having over 100 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

Is there a significant benefit to building and having a website associated with the business, as opposed to not having one? 

Since it's just me I don't have as much benefit from doing one of those.

This last "Assumption (5)" is way off.However, if you took on a partner for that refi, you would reap the benefits of the cash flow (if holding) and/or profit when/if you flip.