@Steven ParksNo you should not do that.The IRS rules prohibit any direct or indirect transactions or benefit between you and your plan. 

I would get a conventional mortgage and put 5% down, You'll still have PMI as a monthly cost but when you reach 20% equity you can usually refi or appraise out of it (ask a loan officer). bottom line is at 22 years old you have the capital to live for free essentially and benefit from home ownership. you certainly have more buying power than $100-$200k as previously stated. $400,000 list price would be $20k down pmt and you could have your closing costs covered using seller concessions.

I would love to post that everything went awesome... but that wouldn't really benefit anybody.

Benefits are 1 person to pay rent. 

Hi All!I'm a student at Palo Alto High School and I was hoping to talk to someone with experience investing in EPA homes. I'm currently making a podcast for my school's radio station, KPLY, about property ownership an...

yes, if a resident (tenant or owner) resides in a property located in any such neighborhood or condo and is subject to the same rules and benefits of such

@Nathan Sharp you should talk to your accountant to make sure you get the most benefit for what your doing. 

If that is the case, there are many benefits offered over a self-directed IRA. 

Are there any tax benefits in doing so?

Ideally this partnership would repeat over and over adding more properties and benefiting both partners.