We do plan on consulting with a lawyer/CPA firm prior to pulling the trigger on this transaction.

They want to lend money and get a good, safe return, they are way more interested in safety than making more than 15%. 

Systems to find more profitable transactions -----There many properties available that are not listed, but available directly from owners, some can be very profitable. 

neat Nicole...BP has tons of info on both, and the two strategies do tend to diverge, but also think about the notion of fixing and renting out, too, perhaps the best of both strategies (adding value but avoiding some transaction costs from a sale)..

When you move your money around too much, the transaction costs will drag on you, especially in real estate.It appears that this property will be a workhorse for you!  

One of the beauties of real estate is the passive income you can create by deploying that capital.Another option is to deploy that capital as transactional funding or hard money loans. 

There is no Texas tax on this type transaction. 

Do granite counters make a worth while investment or are renters there looking for cheap, safe and clean?

Aside from yellow letters, you may also be able to wholesale MLS deals and connect with other investors, by representing them on transactions in a real estate agent capacity.

@Nan EverhartAs a disqualified party to your IRA, you should not serve as the agent for plan transactions.