I mean I got financially wiped out personally..

As a beginner, I would personally get my feet wet with something a little less risky without a balloon payment like that.

Hey @Mario Morales I assume you're planning to purchase the new property under your personal name rather than through an LLC?

The concern with the DSCR loan is that I need to make the property present as though it's rented to individuals during appraisal (tough since it's a working rehab facility now) and must create another lease that shows the tenant as personal and not a company.

I spoke with the one I suspected forgetting to turn off the stove but the person did not confirm.

I didn't realize it at the time but through my first few jobs I was fortunate to work alongside teams who were true real estate finance experts and learning through observation was critical to my personal real estate investing growth. 

@Tom Nagy There are a number of existing forum threads covering the challenges RAD Diversified has faced with a number of investor's personal accounts of their own experiences.

@Levi Perl Since your single-member LLC (SMLLC) is a disregarded entity, all rental income or losses are reported directly on your personal tax return rather than at the LLC level.

Instead, he said to borrow the money from a person from Canada and pay them a dividend on the borrowed money. 

Hi Ivan,Agreed,  very intelligent person.