It will have debt requirements, and it will have higher fees and lower net returns due to administrative load. 

Now, if you can handle all the administration (bank accounts, expense segregation, tax filing, etc.) that's a different story... left as an exercise for each KY REI to decide. http://www.sos.ky.gov/bus/business-filings/Pages/Fees.aspx

There could be an exception so she can contact her plan administrator and inquire about "in-service distribution". 

It's designated as an EPA Superfund site but given the current administration's EPA head, don't expect anything to happen there in the next 3 years. 

Derek Rocco I am going against some self directed plan administrators, but it is not a great tax planning idea to put physical real estate inside an ira.

UPDATE:I looked up CCC Associates in the Georgia database and it states the corp was administratively dissolved.

This will also vary depending on whether people are using a firm with a full support system of administrative personnel and swanky offices vs a talented CPA working out of a home office.

I have been trying to research the pros & cons of switching my self directed IRA over to a new administrator, as well as changing it to a Solo-401k... after speaking with Brian at Safeguard.

Don't file a tax return with known errors.And from an administrative standpoint, you would also be creating another year’s worth of tax return that would need to be amended.

There were some stipulations (you had to be in your plan for at least 5 years) I think Brian Eastman is right I would definitely contact your plan administrator and see what the rules are, it's worth a shot.