If this is the case, you'll need to wait until you leave that job before you have full access to move the funds to a more flexible arrangement such as your self-directed IRA.

Yeah, this the Basic problem with a small number of condos with no professional hoa management....it ends up some loosy goosy arrangement with no real way to get something done.  

We have a house in Mobile, Alabama coming open from a long term renter and we are considering looking for a college student type arrangement.

If they want to have a family reunion at the property while they are staying, they need to arrange it beforehand with the host. 

They shop (whether getting the supplies then, or arranging to pick them up at another time), and when they are ready to check out - they go to the contractors desk (or customer service).

I have actually been looking into the new-build scenario for many of the reasons that you mentioned in your post, and thought it might be interesting to arrange short meeting on the subject.

If I were to rent the third bedroom out, that would get me up to $1650, which is well into the 1% rule range, even if I paid the full asking price, but this is a house hack...My current living arrangement is $640/mo including utilities.

Are there any cons to this kind of an arrangement?

Is it their responsibility to arrange city code inspection, regular inspection, communicate with attorney/title closing company, etc?

They should also arrange for or take professional photos and suggest or arrange staging or minor fixes to appeal to more buyers.