Self-Directed IRA To Purchase Rental Homes

[Charles May]

Hello,

Sort of new to BP. I am looking to purchase a rental home in my area, current listing is for $49K. My question is this. I have around $20K in my current 401(k) at work that I would like to roll into a SD IRA. 1. Is this even possible? 2. If so, what steps do I take to get it facilitated?

Any information would be great, I think this home would make a perfect "starter rental" for me and I want to act on this soon.

Thanks again,
Charlie