Some examples include:
Whether you are purchasing rentals, rehabs, or commercial property you must understand the property is to be used to build retirement income. You are unable to enjoy any personal benefits the property may offer. For instance, you are unable to vacation in a rental property or to live in a house your IRA owns. This rule applies to disqualified persons, as well, and is considered a prohibited transaction that can cause your self-directed IRA to suffer heavy penalties or even lose its tax-advantaged status.