Self Directed IRAs

[Jeff Thompson]

Dear Bigger Pockets Friends,

I have a self directed IRA from Pensco which was formed when i was a passive investor on a multifamily deal. Since then we sold the property but I have left the money in the IRA and would like clarification if anyone uses this for single family? I unclear on two things. Does all the cashflow return back into the IRA and will I have to pay taxes on the cash flow taxable within the year it is generated or not until i take it out?

Thanks, 

Jeff