John, you are considered to be a disqualified person to your IRA and therefore IRA is prohibited from engaging in any business activities with you or any other disqualified person.

Account Closedunfortunately there is no way you can 'rollover' your personal assets (rentals, notes or anything else) into a qualified plan such as an IRA or 401k.

If the seller is a private person you may be able to do a short term Wrap ( basically this is you wrap your mortgage around theirs).  

Personally I wouldn't invest in 1 due to the fees and the HOA board.

I agree with every point you made through personal experience as an investor here in Charlotre and after helping hundreds of investors from high priced real estate areas like  NY.LA.SF.  

New additions include searching for Seniors (in Tx that means, at least for OWNER OCCUPIED houses that the person has an OVER 65 EXEMPTION). 

I've never dealt personally with rentals on them, but I have done work in different ones and they are different.  

I realize this is a super basic question and more info might be needed, but I wanted to see what you all thought: Do I pull out the cash from the refinance to continue to fixing up the property or do I use the cash to put a down payment on another unit?

Thanks @Sean Person, would love to connect at some point!

Most love talking about what they do, but maybe not so much to a random person on the phone.