Short term vacation rental.

This would change your tax situation and I can't give you tax or legal advice, just throwing out ideas.With the self-directed IRA, you can't use it to buy certain properties like your own residence or a vacation home. 

I negotiated a sale price of $100k cash but made the seller keep $5k in an escrow account until the tenants vacated.

It is always fun to own a VR someplace where you would like to take a vacation.

I would give them 60 days to vacate and then I would move in.

Because the goal is that when we step away or go on vacation we still close on sales, or sell and make money.

I think I would rather use the money for a vacation while i'm alive.

I also will be creating my own development/construction business that focuses mainly on commercial and vacation rentals.

We recently did not extend a lease on a bad tenant in Escondido (the place had significant damage just before I was going on 4+ weeks of vacation).  

We just purchased a 2 bed 2 bath condo in the Galveston, TX area as a vacation investment rental.