You could be the squeaky wheel for noise and physical pollution.

And while it might be helpful to have a knowledgeable CPA you must understand that regardless if you are using custodial account or have checkbook control - you are 100% responsible for all transactions in your IRA so it is crucial to educate yourself on the subject. 

This is a potential separate cost from just the construction of the physical storage unit, which is why I bring it up. 

Have a physical inspection done. 

(the reason for the separate company is because his current one is a Physical therapy clinic and we don't want all the eggs in one basket should something happen) I understand that this is a mix of legal and accounting type stuff but I'm looking to get pointed in the right direction!

If you have the property physical and financial details, we can have a more detailed discussion.

So, even though the judgement isn't in the name of the new owner, the rights to physically possess the property would transfer.

The subsequent 4-plex that I’m remodeling has me financially and physically pushed.

Could not leave my area due to a custody agreement or would have been long gone. 

I look for any distressed conditions when making an acquisition, not just physically distressed properties.