You guys can correct me if I’m wrong, but if the lease doesn’t prohibit dogs, it doesn’t matter if your insurance doesn’t cover dogs, that’s Your problem, and the tenant has no obligation to get rid of the dog.Of course, you might get away with it with some tenants but you can’t force them.

Fits a toilet, single vanity sink, tub/shower, with standing room.

We aren't a great fit for all properties but for some.

That doesn't make senseOf course the other side of that coin is that the one time tax on a depreciated property even when it is a capital gain and depreciation recapture would not be pleasant. 

I'd like to put around 70k into it, of course I need to take my contractor over there and get an estimate and run the numbers, but I'd like to get the property for around 100k and they are asking 185k, but I don't think it's worth that.

@Wendy Schultz Of course.

It sounds like adding another property to your portfolio fits with what you want to do, but as Michael points out, you haven't given enough information for anyone to give you an idea if the numbers make sense.

You can always ask for concessions of course, and you may as well try it.Sounds like there is only one basement bedroom?

House has to appraise at or above purchase price, of course.

With self-directed IRA the sky is the limit.Of course you must be aware of the IRS prohibited transactions and be sure to stay away from those:https://www.irs.gov/retirement-plans/plan-particip...Selecting appropriate investment option depends on many different factors such as your age and investment horizon, your risk tolerance, investment experience, etc.