@Mark C.You could process an in-kind conversion of the properties held in the traditional IRA to a Roth IRA.

Ill make this as short as possible.....I have an elder family member who does not want to own a house, she wants to rent from my wife and I as we are trying to grow our portfolio.I currently do not have enough $$ to just go out and do traditional financing to place her.However, she was recently approved for an FHA loan.

@Alexis Monroe I think it’s best to do it the traditional way which is a quiet title action.

With what you've said you might just do a more traditional BRRRR and rent to Section 8 as necessary.

The properties are inspected, and any outstanding inspection items are cured.4. 

Since the account is a traditional and subject to tax, just wanted to make sure I am able to transfer within 60 days in order to avoid tax.Does it matter if I transfer into a new IRA account?

Thanks That's incorrect, based off my general understanding of landlord tenant laws. usually, local laws stipulate that occupancy for more than several weeks, personal items in residence, and/or receiving mail at the residence establish tenancy.

For FHA I don't know but for a traditional loan why would it matter? 

It will save time in the long run and the more items on the QSP the more discount they can apply.

Did you have enough money this month to buy beer cigarettes lotto tickets or convenience store items ?