Originally, this was simply just to get out of the rental scene and gain some consistency, while also allowing myself to grow and build a life of my own without making someone else rich. 

After all, it's better to have a gain on what you lost, then to lose it all by keeping property you can't move over a long period of time.Happy Hunting, Vernon

We still have a small mortgage on the property but obviously won’t have one on the REIT so my question is this:  If we wait and let the mortgage get paid off at closing  can we add personal funds to allow us to buy shares equal to our sales price to avoid the boot and paying capital gains and depreciation recapture?  

I'm interested in cash flow instead of capital gains.

dont take on debt until you are gainfully employed or have a consistent source of income.. 

@Ashish Acharya can anything be done with the equity gained in the properties that the IRA owns?

I held the parcel for a year for long term capital gains and neighborhood appreciation.

I'm working on my first go-around of tenant screens for a house hacking arrangement.  The potential tenants are aware that I'm the PM and neighbor.

Rent: $1,600
Tenant 1: a few years about of school, excellent pre...

Ultimately it's about your goals and what kind of profit YOU are looking to gain from properties in the short or long run.

One way to help the investor see why owner finance might work for them is the capital gains if they sell.