But if you don't have enough to cover expenses, can you fund the expenses from non-IRA accounts?

Take pictures of this, maybe even go down to kinkos or fedex and spend $20 to notarize the date of the pictures so a judge can later line those pictures up with the adjacent home being listed for sale with certainty (so no one can say "I didn't know" or "I never saw any flags or cones, you're crazy").- Speaking of implication... read up on "Implied Easements," maybe buy an hour or two of a real estate lawyer's time. 

What’s the best type of Kilz primer (or other primer) to use on a bedroom’s walls and ceiling to permanently eliminate or cover up a smoky cigarette smell from someone who smoked in a bedroom?

You can require insurance as part of the rental but that won't cover the "emotional" value of things.

Do you have a picture map to put here of the 8 acres to see how it is positioned?

However, costs isin't everything and you need to look at the big picture.

Most banks would be more concerned with your net worth (personal balance sheet) to see that you have equity to cover any short comings should they have to foreclose.

There are tenants in the property currently, and while she told me if definitely needs some work, she was not able to provide any pictures.

Side note - Will be adding a Profile Picture since I see that was a hot topic in the forums.  

You can contact an attorney who has experience with real estate, just to cover all the laws in your state.