Unfortunately, it would be considered a prohibited transaction to use IRA funds to rehab a property that either you or your lineal ascendants/descendants currently own.

Leander - Hutto - Taylor for ascending cashflow (generally speaking). 450k is plenty budget for 3b2b in Hutto and Taylor. 

I was too early in the area but it was ascending.

To the best of my knowledge the only disqualified persons are your descendants and ascendants (i.e. people who you could inherit from or who could inherit from you).

This triggers a number of factors to consider: you, your spouse, and any of your ascending or descending family members (and descending family member's spouses) cannot make any personal use of the property and are also prohibited from doing any repairs and maintenance on the property.

@Amit Kal - Bank of TN, Synovus, Civic, TN Bank & Trust, Franklin Synergy, Pinnacle, Ascend, Wilson Bank & Trust.

I’ve enjoyed the metaphorical rollercoaster ride, from the climb to the height of the market, down through the turns of the market crash, around the twisting bends of the changing industry and back again to the inching ascend.

Prohibited transactions are almost exclusively self-dealing or co-mingling issues, as long as you or any other disqualified person (direct decedents and ascendants, immediate family, company you have a large ownership stake in etc) doesn't directly benefit from the transaction you will probably be ok. 

If your SD-IRA buys a property - whether to hold and rent or to fix and flip - you cannot sell it to yourself, your spouse, or any of your ascendants (parents, grandparents) or descendants (your children, your grandchildren).

Gotta like buying into an ascending market!