First I've heard of ROBS, thanks for posting. I would have assumed OP was talking about a Self Directed IRA, which is an interesting account that can do a lot more than hold securities. From my understanding your IRA can at that point own an LLC which then might hold other assets like actual real-estate.

Yes, that’s it. It’s a really good idea to use a company that specializes in this stuff. They take care of all the accounting and legal stuff. My own accountant won’t touch that stuff.