Self Directed IRA\Solo401 for buying rental property?

[Sheldon A Baracho]

Hello, I am new to this forum and also to real estate investing. I have been currently self employed for the last 12 years and have been contributing to a SEP-IRA yearly. I am planning to buy a Beach Condo which will be used mainly for rental (via a property management company), and also will be occasionally used by me. I wanted to use the funds in my SEP-IRA for buying this property.

Can anyone suggest what would be the best option to do this? Will moving part of the funds in my SEP-IRA to a SD IRA or Solo 401K be an option for buying the condo? Also can I still contribute to my SEP-IRA if I rollover part of my funds to an SD IRA\Solo401?

I appreciate any advice given.