A couple of year ago I paid off my rental with the cash out from my home refi (lower interest and saving $ for paying it early).

This dually provides evidence and reassurance to the buyer of hard anticipated costs and a written estimate to support and help validate the buyers request to the sellers. 

I'm planning to buy a SFH in Huntsville in the next 2 months so I'm looking to understand more about the area.My goal is to buy in a B/C class neighborhood for a deal that is expected to be cash flow even.

I suspect you could be cash-flow positive in 1-2 years and the property should appreciate during that time.If my assumptions are correct, holding onto it is the better option.

In his affidavit it has the correct legal description that matches my cash sale, but I am not sure if that is good enough.

Research is conducted to assess the target and its assets, support negotiations over warranties and representations, and corroborate assumptions.How to Handle ConflictA business transaction may end in conflict, despite the best efforts of all parties involved.

If you can rent the property in peak season for 1% of asset value per week you will virtually always cash flow.  

Purchase price: $310,000 Cash invested: $350,000 This was a full rehab 6 unit multifamily building.Our firm did everything from locating and acquiring the project, to managing construction, and then finished up by leasing out all 6 units for a premium rent.We used a construction loan to secure the property and do the rehab. 12 month term which we were able to do construction and lease out all units before taking out the original loan with a permanent commercial loan.

So we keep $25k for the two (both are cash flowing and we have held for 10 years).

I am considering two options for purchasing a A+++ SFR cash, Option 1 to place in a self directed IRA and let the IRA own the property and Option 2 is to buy in cash upfront and pay the taxes owed.I am 62 years old and have another five to seven years prior to retirement and so I am trying to set up my portfolio for income generation by that time.