I am heavily leading toward prorating just the one day accompanied by a written explanation of the prorated day including “living condition language”.

Id advise you to focus on the kitchen first instead of the bathrooms as that will generate the highest ROI on your investment. 

Galvanized pipes will have lead in the water thats not a good idea when you have tenants.

You will lead.

I'd try to find the investor you can work for, to generate money, while improving your score while at the same time, still searching for ways to find a deal to get started. 

I can bring value to your business by: answering leads from advertising; showcasing properties and handling tenants' issues; sweeping/cleaning; or even (immaculately) handwriting direct mail letters...

I put every ounce of cash I have available into the brokerage account, because I have a risk allocation that is relatively risk free, and generates close to 10% in interest per year.I want to invest in a rental home.

Send the other 50% of the day on lead generation.

It would generate $2,100 per month.

It is likely a distribution.Self-directed IRA's are allowed to make make business loans to generate interest income.