2 Self Directed IRA Scenarios - what are your thoughts?

[Account Closed]

I am considering moving my sizeable 401(k) from my previous employer to a Self Directed IRA or self directed 401(k) so that I can access the balance to use a down payments on rental properties. I've come up with the two following basic scenarios and would like to know if they are both feasible or not.

Scenario 1: I purchase a $200 duplex using $50k - or 25% down -  SDIRA monies and leverage the rest. After netting income each month, I portion 25% of the net income back into the SDIRA and keep the remaining 75% outside the account. Am I able to do this or does all income have to go back into the SDIRA? What is the reasoning/code describing this?

Scenario 2 (Similar): I create an individual LLC and "invest" $50k from my SDIRA into it, purchasing 25% equity. I then purchase a $200 duplex using the $50k, which is about 25% down. After netting income each month, I pay the SDIRA a dividend equal to ownership shares (about 25%). Is this doable? If not - and likely because the LLC I create may be considered a prohibited person - is it possible/legal to utilize foreign business registrations (i.e. panama)?