I am currently working with a client who is using a portion of his IRA to invest in property. I am no expert but you might want to do some research. The terminology that you are looking for is a "Self directed IRA" I know there are quite a few restrictions with what you can and can't do so as Ann said, you might want to contact somebody that knows more about it. My client told me today that he can't personally manage rentals that he purchases with this money. He has also told me that a self directed IRA allows you to resell the property after a year or two without paying capital gains. I don't know whether that's the case or not but sounds like it could be a good deal and the properties that we are finding for him have a much higher return than he was getting on the money when it was in the IRA.
Wish I could be more help but I'm not up on where to get the money, only on where to spend it :-). Check that out - Self Directed IRA and let me know if you need any help once you've got it set up.
All my best,
Deborah Orr, broker
Unique Properties of Florida
Best of luck!