The alternative is to wait for another tenant to move then use the funds to renovate their unit and complete the conversation later.

But open to any suggestion to look into an alternative investing strategy.My team currently exist of a rockstar whole seller, and a contractor!

Alternatively you can search Google for a purchase agreement.

Challenge is to have reserves (which we did and alternate exit strategies.

Alternatively, maybe a single-family neighborhood would make sense. 

I've already offered them cash/offered to pay moving expenses/searched for alternate housing for them (nothing is "good enough")/offered to pay for a storage unit for them.

That's a reasonable concern, but I explained that without poison the only alternative is the traps.

@Justin WrightIt seems like you are trying to get overly complex with the legal structure.Sometimes it is best to keep it simple.With that said you should definitely consult with an attorney and accountant before proceeding.You should be aware of the cost of the complex structure(upfront costs and annual) and then compare it with any alternative methods of asset protection(insurance).

Many investors have found success through investing in alternative assets with their self-directed IRA, including in real estate.

An alternative option that we use is to allow them to vacate, but require them to continue paying the rent and utilities.