I look for four things to mitigate risks when evaluating a deal:1.  

Some types of investing are not well suited to a self-directed retirement plan based on IRS rules. 

The 1% rule will be next to impossible to hit...

Remember, the fourth "R" is Refinance (so that your uncle can be paid off, and/or new arrangements can be made for your Repeats)!

Trying to skirt around these rules is going to get you bit eventually.

While I am not the property owner, I was curious if state rules had recently changed.

However,  with each deal those nerves will become less of a factor until about your third or fourth (more or less depending on your personality)  when they won't be an issue. 

Also if you're only renting a portion of the property and still living in another portion the depreciation only applies to the rented portion.Note: I'm not a CPA, but I have studied the depreciation rules.

It is no where near the 1% rule at .575% (Rental Income/Purchase price).2.  

Then subject to any Reg D rule 504/505/506?