There is a $199 per transaction fee, and E&O insurance at $200 per year, but that's it.  

Better know who boarded up the place, the owner, the bank, planning & zoning, building regs, health department.....who?

This means:You must use a property manager; you cannot manage the property yourself.You may not personally do work on the property; a third party has to do it and the invoices paid by the custodian or the property manager.You may not mix personal and IRA funds or the entire transaction may become an "early withdrawal" from your IRA and taxed as such.You must report the market value to the custodian each year.Rental income flows into your IRA, which you can utilize according to applicable IRA rules.

The details mean absolutely everything in these types of transactions.

After transaction costs and commissions, you're looking at about $25k gains.

Assuming the loan was sold to the secondary market, the investors want as much yield on their investment as possible so they are even more motivated to process the transaction.I've personally found a majority of delays in a short sale transaction to be the borrower and/or the agents involved.

Almost all real estate transactions in Texas are homes sold with just a title policy from a title company.

BTW, this is coming from someone that previously worked in a subrogation department.  

It looks like with transaction costs you would end up at about 25% equity. 

If you want an image of a big player, dealing in multiple strategies or areas, you have departments.