But even in this instance it feels better and provides a more explainable paper trail for the inexperienced IRS field agent if you complete the exchange in the same name and then contribute.

I explained to him that I have to receive a mortgage and promissory note before signing over the deed to the house.

@Ryan Horne You have to start with an investment objective and then develop an investment thesis to achieve the objective.  

And explain to crazy sellers "No, your property is worth $X, not $Y, and these are the reasons why...". 

@Alexander PriceNo objections to your rib comments....

I plan to use a VA loan when I leave active duty service but since that isn't an option for you, find and listen to podcasts the guys do with guests who explain what they have done in the past.

I'd like at least a portion of it to build a getaway cabin.That's about my level of real estate experience.Goals-----Okay, here's the part where I explain why I'm here.

If you could explain it to me that would be great because I need help, education and tips

Hope this explains the process a bit without leaving too many questions unanswered. 

That sounds like two loans with more possible costs.If I understand your question & objectives, then I think you would just do a cash-out refinance.