Self-directed IRA

[Pat McCandless]

When using a self directed IRA as a down payment on a rental property, I'm understanding that any cash flow can't be touched for personal use (if that's not the case please chime in). What happens then if you wanted to implement the snowball effect and at some point take out equity in the property, refinance, whatever it is in order to purchase your next property? Do the same rules apply to any property after that? You essentially can't touch the cash flow coming in until a certain age?