Did you know that your Self Directed IRA cannot purchase property you as the IRA holder intend to live in?
Regulations surrounding property are just a few of the rules that govern Self Directed IRAs. There are also rules surrounding what purchases your IRA can make, who can be involved or connected to these purchases, and who the investment benefits. Before converting your Roth or Traditional IRA into a Self Directed IRA, you should fully understand the IRS regulations that surround this type of account.
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Source: http://www.nerdgraph.com/self-directed-ira-rules-every-investor-should-know/
