I understand you can’t do any work on a property your IRA owns.

Although I am still learning as well, from my understanding your math is incorrect.

I run an unrelated business from home as a sole proprietor that will be impacted by the change, but my understanding is that we can still take all appropriate deductions on rental properties.

I know that we would still have to pay taxes (25%) on the depreciation recapture from the 2 years we held it as rental property.I want to fully understand the tax impact if we keep it as a rental unit.

I would, however, say it's best to understand some of the basics before jumping into this.

The best way that I’ve been told to do is, do it under your own name but have in writing they understand that you’re a realtor not listing the house but buying the house for xxx amount of dollars.

I'm not an expert on this, but my understanding is that you can transfer the deed through a relatively simple transaction that your title company or lawyer can assist with. 

I definitely understand your reluctance of turnover the responsibility for PITI payments to a PM --  but I am still curious from some owners that use a PM or from PM themselves, how common it is.

I do always like to understand both sides of the argument though.

Also, the price point in Rockville can vary dramatically by neighborhood, and understanding the school boundaries.