How does a self directed IRA work

[Account Closed]

If I roll $100k into a SDIRA, can I buy a $50k house for cash out of that account and have the rental income put directly in the account? I realize this is probably much more complicated in reality, but I thought a simple example would be best to explain what I want to do.

And what if I need to make repairs, pay insurance, taxes, etc? Can all of that be done from the SDIRA funds?

[Frank M.]

You got it, but it's not just that he expenses 'can' come from the IRA, they must. Which means if you bought a house for much over $90K, you'd have to be careful the IRA has enough liquidity to pay expenses and repairs.