Self direct IRA for realestate

[Carliss Robinson]

Hello, not sure if I'm posting in the right group but

I'm looking at buying a home to rent. I plan to have the home occupied by a home health aid service who takes care of people 24hrs day and need a home to rent for 1+3 yrs. My problem is down payment to purchase. I was planning to transfer my 401k over to self direct ira and use that money for realestate. Does any one have any experience with this idea or know of a better options, etc...?

Thanks!