Would I expect appraisal district to capture the sale price as the new appraisal value (market price) in the following year and hence I ended up with significantly higher property tax?

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@Michael Bishop I appreciate your breakdown of the numbers, I am following.

"Is anyone following this approach - dividing it equally and sending separate checks? 

This would violate the following prohibited transaction specifically:“Sale, exchange, or leasing of property between a plan and a disqualified person.”https://www.irs.gov/retirement-plans/plan-particip...What is more, this same rule applies to round-about/straw-man transactions.

Then we'd ask them to tell us which friends of theirs are in the game, followed by asking those friends to lunch.

Without experience, hard money lenders will look at the following criteria:IncomeCreditCashAdditionally as a way to set yourself apart from other borrowers is your responsiveness.

I haven't followed up on this since.

@Steve RyanThe following is a good resource. https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-loans

I've developed my own system, that involves the following:1 - The 3 Pillars (mine) of REI...Market Analysis, How Money Works, and Developing a REI Plan...and how all three are equally important, and must work as one.2 - My REcapS System (a system within a system) that is a 3 Level circular (perfect) system where Level 1 feeds Level 2, which feeds Level 3, which comes back and feeds Level 1 again (thus the circle, or perfect system).