is there a Self-Direct 529 Plan that allows using the fund on investment property

[Lei Zhu]

I have 3 529 accounts and I was advised by someone that there are self-directed 529 options that would allow me to use the fund for the down payment of investment property. And have the property to be under 529 plan. 

I am hoping there will be someone on BP can advise me regarding this. I have 3 kids, ages 10,6,2. I realized it would be better to invest on rental properties than invest in 529. 

Look forward to your input. :) 

Cheers

Lei