Sell a Property to a Self Directed IRA

[Wayne Emminizer]

My wife and I have a rental property we bought almost 10 years ago. We have a mortgage on it. We also have a 401K that can be converted to a self directed IRA. Would be be possible and, if so, advisable, to "sell" the property to the SDIRA and allow it to grow and collect rents there? I guess the legality of whether or not it could acquire the property and pay off the note is the primary question.

Thanks

Wayne