The property doesn’t have to be rented as long as the IRA has sufficient cash to pay for all the expenses related to the property. If there is insufficient cash to cover the expenses, the IRA holder has the option to rent the property, transfer funds from another IRA, make a contribution, or liquidate other IRA assets to pay for the expenses. Additionally, investors can fix and flip homes or hold on to rental properties for a flow of passive income with a Real Estate IRA.