Selling Rental to my own SD IRA - is that possible?

[Quentin Bomgardner]

Hi. I have a few rentals, and one of them needs a bigger refresh than I can afford right now. So, I'm considering selling it, and have an interested party. But I'm also going to convert an IRA into an SD IRA in 2020 to expand my real estate holdings. I'm reading up on SD IRAs right now.
I'm curious... can I legally sell my personally held property to my own SD IRA?  Is there an appraisal route that will keep it 100% fair and legal?  The reason I'm interested in this is that I also plan to retire in 2020, and even with tax implications the cash from the sale would be useful to me during my first year outside the corporate world.
thanks!

[Natalie Kolodij]

Nope- this would be a disallowed transaction. Not an arms length transaction. 

Keep in mind too rentals in a SDIRA can't have normal loans, needs to be non recourse