That's adding a whole additional layer of complication though and I'm not sure it would be wise. 

This means they are simply a processing layer, and do not act as custodian. 

Having family in your business could add another layer of complexity you may not want.While I have not personally had any issues partnering with family, I did have an issue with a partner on my first deal.

I felt it was a huge advantage to have a base layer of knowledge beforehand and it worked out well for me. 

I establish the LLC in Texas and use Trusts to implement the layer of anonymity that the Wyoming LLC is so famous for.

Such custodians will hold funds, sign documents, issue expenses and receive income on behalf of your IRA and act as your processing layer.

There are multiple layers to this but I'll explain a few. 

Secondly - a few layers of sheetrock and a couple of upgraded doors is pretty cheap when we are dealing with people's lives... why wouldn't you want that?

The FHA says that examples of such problems include but are not limited to the following: Missing handrailsCracked or damaged exit doors that are otherwise operableCracked window glassDefective paint surfaces in homes constructed post-1978 (because of lead paint hazards)Minor plumbing leaks (such as dripping faucets)Defective floor finishes or coverings (worn through the finish, badly soiled carpeting)Evidence of previous (non-active) wood-destroying insect/organism damage where there is no evidence of unrepaired structural damageRotten or worn-out counter topsDamaged plaster, sheetrock or other wall and ceiling materials in homes constructed post-1978Poor workmanshipTrip hazards (cracked or partially heaving sidewalks, poorly installed carpeting)Crawl spaces with debris and trashLack of an all-weather driveway surface=================There are many areas, however, where the FHA does require problems to be remedied in order for the sale to close.Electrical and Heating The electrical box should not have any frayed or exposed wires.All habitable rooms must have a functioning heat source (except in a few select cities with mild winters).Roofs and Attics The roofing must keep moisture out.The roofing must be expected to last for at least two more years.The appraiser must inspect the attic for evidence of possible roof problems.The roof cannot have more than three layers of roofing.If the inspection reveals the need for roof repairs and the roof already has three or more layers of roofing, the FHA requires a new roof.Water HeatersThe water heater must meet local building codes and must convey with the property.Hazards and NuisancesA number of conditions fall under this category.

Think layers that you add as you grow - each supplement the other and cover you better, but you still need them all.Only you can determine what is your risk threshold.