@Monique O'DellThe untethered soulThe millionaire real estate agentE mythFor productivity:EssentialismMiracle morning12 week year Eat that frogThe one thing Gary KellerGetting things doneWork the system Sam carpenterAll the best!

@Chris Kennedy"Our beloved house" is likely to eat your earning potential right up and spit it out.

Like to eat and pay your bills?

My only caveat would be if over time you build up a big chunk of equity or pay off the loan and own it free-and-clear, then it may be worthwhile to eat the cost of insurance because you have a lot more to lose in the event of a total loss than just your 20% downpayment here on Day 1. 

Landscaping, snow removal and other charges quickly eat away at profit.

The rub/trick/challenge with buying these properties through our custodian is the time requirements to get funds to the auction (this is a sherriff's auction) - as they have compliance requirements that eat up some time for review, and I don't think the 3 hours to get funds will work.I don't think we can buy the asset ourselves with our own funds, and then transfer over, because it would look like a contribution; I'm not 100% sure on this though.For us, we could guarantee the purchase outside the IRA in the event it didn't get through the custodian's compliance review. 

Can’t plant the seed one day and expect to eat the fruit the next day.

I can have my cake, and eat it too. 

I personally hate properties that have a lot of maintenance issues, it really eats up any cash flow quickly.

The seller claims that she paid for a survey before and it cost 17k and then she was bitter that the buyer walked and she had to eat the cost which is why she is wanting me to pay for my own as an insurance policy that i won't rack up another cost like that for her and then bounce.