All of the transactions involving your IRA must be 'arms length', you are not allowed to receive any personal benefits from it nor can you provide any services or do any work on the property yourself. 

Is there a way I can do this on my own, for mainly just basic research in the beginning to be able to cross out the ones that are not financially wise at the time?

Awesome post David, thank you.I think Jim Grant said it well when referring to treasuries, he called them "return free risk" ;)  It's so true though, price discovery is out the window when the cost of money, or one half of every transaction, is manipulated.  

Even though you closed on the last day of the month, from the information given, it does not appear that you have any significant investment property related expenses to claim on your 2015 tax return.Your CPA with full knowledge of all the details of your transaction and your intended use of the property can give you a more meaningful answer.

Some wholesalers have been fined in Florida for wholesaling because it's considered real estate transactions without a license.

Got My fingers crossed, I heard it could go WAY above asking price, it already is above asking, but it could go WAY beyond what I thought! 

@Antonio Artusa - just to reiterate, Real Estate transactions in PA are much different than what takes place in NY. 

@Johnathan MathewsI have a contact based here in Ontario.I can put you in touch with her if you would like, she sets up cross border deals for Canadian looking to invest in the U.S and would have all the necessary information regarding taxes, returns and so forth.

@Terry KoeppIf the Roth IRA will have an equity stake in the transaction, you will likely want a Checkbook IRA LLC as opposed to having a 3rd party custodian process all of the transactions.  

I was talking to a title company today to follow up on if they could close a property for me, because it had a chain of title issue down the line somewhere.Instead of that being the problem, this guys starts bringing up all of this jargon that I've never heard of and saying that it was impossible to do because the buyer was paying for the closing costs!