For instance, if an investor has non-retirement funds to invest as well as self-directed IRA or 401k funds to invest and likes direct ownership of real estate as well as funding loans, they might choose to invest into real estate notes with the tax exempt structure and invest into actual real estate outside of the tax-favored vehicle.

@Rashad Colton, there is also the surrounding metro area of Atlanta that isn't actually "Atlanta, GA."  

This mean so much to me and actually gives me confidence.   

Tax liens, encumbrances, etc. mean that the land value isn't even getting to the actual value. 

But if you're only collecting 50% of the gross scheduled rent then your actual number is much worse.

I am actually closing on a personal property later this month.  

I am actually traveling 15-18th and won't be in town.

Or if you were renting and were no where near prepared to buy a house before the disaster, probably not a good idea, you'd still need cash for closing costs, which can come as a "gift" but never a good idea to buy a house with no money in the bank even if the lender actually let you do it. 

@Jake Walroth your question is a bit vague, it depends on what type of property you were actually buying.

depending on when you actually stopped living in the home you may still get the sale of primary residence exclusion.