Account ClosedSeconding the concept of "just don't go there".IRS rules are strict about avoiding any direct or indirect transactions of provision of benefit between and IRA and a disqualified party, in either direction.You and any LLC you own are disqualified to your IRA.The IRA may not lend to you or any entity owned by you or a disqualified party.The penalties for engaging an a prohibited transaction are severe, and not worth messing with. 

They might even call it "self-directed" which means that you can direct or pick the investments but only within their boundaries of investment options. 

@Greg WrightHaving a property owned partially by your IRA and partially by a LLC you own personally is a whole set of problems on its own and not something generally recommended.Even if that were the case, no, you could not do what you propose.There may be no direct or indirect benefit between an IRA and a disqualified party, in either direction. 

Here is his deal breakdown:Purchase Price: $230,000Down Payment 5%: $11,500Mortgage Payment: $1,608Rent: $1000, $800, $600 (Will be occupying the $600 unit)Cash Flow: $192Richard, our transaction coordinator, and my brother, Nick, our director of operations, partnered up and purchased a five-bedroom, three bath house in Tucson 7 months ago.

@Ken NeusaengerYour strategy has several issues with respect to IRS guidelines.In exchange for tax-sheltered status in an IRA, the IRS rules prohibit any direct or indirect benefit, in either direction, between you and the IRA.Simply from the starting point of you buying a parcel personally and having the IRA buy the rest, you have introduced risk.Any services associated with the property must be performed by an unrelated 3rd party. 

If the realtor works for an office you should be able to talk to the broker or supervising broker, sales director (supervisors of real estate agents come in many forms).  

There can be no direct or indirect benefit between an IRA and a disqualified party. 

I am currently the director of Wellness at a local Doctors office and run two corporate wellness programs.

I work as an Assistant Director of Operations for a Software company.

I think we have a leg up on a lot of places already.Hope that helps a bit - I dont even know if many elder law attorneys will understand the medicaid system very well - they may, but wouldnt hurt to talk to one and if the facility his mother is at has decent staff and the facility takes HCBS residents the executive director there should be able to help a lot as well.