I know my profile is pretty sparse right now and I'm rather time poor at the moment, but I'll be adding to it as I get the chance.

That being said the current City Zoning for the land is medium density residential, meaning no new mobile homes can be added, only the existing homes can be maintained. 

The $100K withdrawal would be added to your current income and you would be taxed on the total in the higher tax bracket. 

Basically, 1) if you travelled after identifying the propery that you bought but before the purchase , that would be added to basis.2) travel after buying the property might also need to be added to the basis, but there are some flexibility, and can be deducted.  3) majority of  the work done before renting will be added to the basis.

Any help or recommendations would be greatly appreciated and if you would like to be added to my buyers list please let me know.

This building doesn't have a kitchen, but one could be added fairly easily. 

Your sister could be added on as a non-equity employee and issued a W-2 salary for services provided. 

.- Landscaping, add nice garden up front, trim trees, remove overgrown vines from house siding- Remove old walkway and replace with new right angle walkway to driveway instead of street- Fix up front porch, new concrete probably- Repair any problem siding- Flooring has some unevenness, joists in crawl space/basement need to be added or adjusted.- Exterior paint, interior paint - HVAC and water heater appear new, roof appears new- Interior has some water stain marks, replace drywall patches- Replace kitchen with modern cabinets, granite, appliances- Oak floors downstairs hopefully can be refinished- Replace carpet upstairs with composite flooring or nice carpet - stairs are carpeted!

You have to consider number of factors before doing this, the property would have to be appraised and would be added to your income for the year in which you make the distribution, likely pushing your tax bracket up.If you simply wish to get into self-directed investing you may want to consider truly self-directed Solo 401k, it has number of advantages over SD IRA such as contributions limits 10X higher, no need for a custodian, checkbook control, exempt from UBIT on leveraged real estate and more.

The one specific one sits 40% vacant and we will be adding additional tenants to increase income.