You can't take any deduction on your tax return or claim any depreciation on a property owned by the IRA, just like you can't take deduction or depreciation on a property I own.

If for some reason this falls through should I attempt to offer more money for a quit claim deed or proceed with the newspaper notification process. 

Until you don't -- like when you have a big claim and it's denied for violation of the policy terms.You're essentially operating a 1-unit hotel and you really, really want a commercial policy for it. 

Does she have any legit habitability claims to sue for, especially since she claims to stay in hotel now?

Many also pay into Social Security with no ability to claim benefits, which actually props up the system."

I came across some critical information today that I think is important to share with you:In the aftermath of the LA fires, it has become evident that some homeowners’ insurance claims have been denied or disputed because the property title was held in a trust, but the insurance policy was under the individual homeowner’s name.This serves as a valuable reminder to review your insurance policies and ensure that the ownership structure on your property title matches the named insured on their policy.

Secure liability insurance to protect against lawsuits or property-related claims.

My last claim to fame was working on set for Season 1 Love Is Blind on Netflix also as a wedding photographer. 

He was able to talk to the sister who has conveyed this information and is claiming to talk to her sister tomorrow. 

Quote from @Gregory Wilson: A few things there, Brendan.First, an LLC with you as a member and your (wife, son, pal, etc.) partner as a 1% member will file a Form 1065 which is about one tenth as likely to be audited by the IRS as a Form 1040 with a Schedule E rental activity (which I presume you will attempt to show is an active business).Second, you want an LLC because when your local Alabama handyman drives his girlfriend's uninsured truck into a van load of U of A medical school interns on I-22 when he goes  to get some shingles for your roof, on your business, you don't lose everything you have or ever will have to an uninsured claim.