She definitely must diversify across several investment types, and/or markets, and/or asset classes.

Hello BP,I have been researching the real estate market for several months and in the course of doing my research I have found a reliable buyer open to Real Estate investment opportunity.

We buy severly distressed properties, do all the work ourselves, and rent them out.

Anything falling within that description would be self-dealing and result in severe tax penalties for the IRA.A self-directed IRA allows the IRA to diversify beyond the stock market into assets such as real estate and private lending, but everything is done through the IRA and exclusively for the benefit of the IRA. 

I have several investors looking at the area. 

Anyways, we just closed on a HELCO and I have a bunch of equity to play with, several hundred thousand.

During this they spent several nights at her mom's, at out a lot, and now have a high electricity bill.

I own a painting company and have several friends that are licensed contractors.

Diversifying into several geographical locations makes sense to me.

You could do several mobile homes on it, maybe turn it into a mobile home park.