My monthly income from an annuity is $1600, which ends in January.

Hi Laura, One thing that comes to mind, if you have enough cash, is to setup an annuity. 

@Sachin Amin my husband and I also have annuities that grow with the market but have capped growth but also are guaranteed not to decrease if the market tanks.

So on top of the interest rate they earn from you on the sale, the 529 plan can invest to further save for the child's eventual education costs.Or if they're not sure yet if that child will go to college or private schools, the funds can go into the trust (more expensive to setup) and then the trust can invest that money every month into annuity or whole life insurance plan that the child can "borrow" against after age 18 to use for whatever short term fund needs they come across, or upon exercising the insurance plan towards the guardians, or later in life to the child's family.  

I really like the idea of using IRA retirement money to purchase real estate, before I knew about this I purchased an annuity with my IRA money. 

It sounds like you will have an annuity here when you retire.

Can I use an Annuity I have through a Union I was in to fund real estate?

Can you move that Indexed Annuity to a Self Directed IRA LLC?

This would be no different than purchasing an annuity or a dividend paying investment.We specifically seek cash flow (income stream) as our rental model and to achieve that we pay for our properties in full. ie, we don't use leverage on most of them.

Look at it as an annuity and each month you get your check direct deposited.