With our permanent financing, we would be able to get a loan for 172.5k, leaving very little cash in the deal.I am actively searching for my next lot.  

The agent is dragging his feet so we are leaving the offer in, but looking elsewhere.

If the occupants didn't leave voluntarily after being served with a legal notice to vacate, we could then proceed through the normal eviction process for our jurisdiction.

Any financing in your model would need to be non-recourse, which is going to be more like $40-50K that you could pull out.  90% of that would go to you and 10% of that would go to the IRA - you can't choose to leave the IRA in the deal and cash yourself out.If the IRA is involved, you cannot rehab the house personally and would need to hire that work out.The use of debt-financing with an IRA introduces a tax known as UDFI, which will not add up to much, but is something an investor would want to understand if they pursue a strategy such as this.So could you embark on a strategy in this vein and generate good return for your IRA?  

I would leave it as-is.

56k Minus 30% pads (mgmt maint vac) Leaves ~40Minus 14 costsLeaves 26Minus 100/mo/doorLeaves ~17Divide by 12...math for 6.5% 20 yr loanI would value the property between 189 ( 20%equity) and 220( after down PMT)Does this match the offer

Also, it's odd that since leaving the gold standard the time between cycles has increased and we've had higher highs and higher lows.  

How do I handle a tenant leaving without notice or moving in an unauthorized person?

He loves the condo – and takes good care of it – and doesn’t want to leave.

Some have partners across the country, some live in the property they are flipping, some try to automate as much as possible leaving more free time, others do all of the work themselves.