There are a ton of components that go into building a new home.

Several hundred thousand dollars in hvac, brand new airconditioners, electrical components as well as 50k in kitchen equipment.So with all that being said I know the parcel number on this property as well as it was last sold in 2013 but it has remained vacant and absolutely no one has done a single thing to the property the police have sealed it up.My questions are:How do I look up the current owner of the property?

You should be able to do this easily, once you roll over you can pool them as a JV - but honestly, you would likely be better off trying to do the debt component with them to try to foresee the UBIT and/or UDFI potential exposure, be aware of this little tax trap.

School Districts are a key component to assessing areas to invest in.Houses in highly rated schools districts will usually have high demand.

I like that you have a thorough training/education component to start.

The other piece that is a key component in CA real estate is the benefits of Prop 13. 

All the components of your financial strategy are intertwined, but the challenge is finding an integrated way to approach them.

If they are old small homes, maybe its a good amenity to keep if you have one ( or have an RV component to the park ). 

Since that is not happening here, there is no problem.The IRA investor would, however, be subject to UDFI taxation on the leveraged component of the income they receive from the investment.  

Communication is clearly a key component that is missing here which is shocking.