The acquiring company seems to be aggressively expanding & has credible founders & board of directors. 

Hi Kyle, I am the Administrative Director for the Greater Cleveland Real Estate Investors Association.

In smaller cities, you talk to the zoning director and building dept within 10 days.  

As the past Chairman of the Illinois Manufactured Housing Association and a former member of the Board of Directors of three other state trade associations, I can tell you that knowledgeable small trade associations would never take material such as you suggest and recommend or adapt it, because they also could be held liable and could be sued by the member if the material was erroneous or insufficient to properly meet the compliance burden.

Professionally, my experience includes scaling a tech startup from the ground up, managing mergers and partnerships at a corporate level, and most recently I was Director of Sales at GoDaddy.  

Yes, I say do NOT contact a lawyer, you will forfeit any compromise from the board of directors. 

Eric and I went to the board of directors meeting last week and on Tuesday Eric went to the vacant property review committee meeting alone since it was at 10 am and I had work.

One County Director of the Tax Sales referred to the repository sale as "the dogs of the dogs." 

As for zoning and usage stuff, go to town hall and check in with the planning and zoning director.

The IRA capital can purchase a house and pay contractors to do work on that house, so long as there is no direct or indirect benefit or transaction between the IRA and a disqualified party (you, lineal family, entities owned by you or lineal family, etc.)The IRA can joint venture or partner with other investors, but should not interact with you or other disqualified parties on funding a deal jointly.