Your first post sounds like a purchase, but this statement "The $20,000 was when I refinanced and did HARP with Wells Fargo twice." makes it sound like a refi.If it was a refi, was this $20K an existing debt of yours that was not caught and paid off on the refi? 

Using your own funds to pay down your loan so you get a bigger loan sounds like a zero sum gain (aka IE using 1 dollar to pay down loan so you can net 1 more dollar from the new proposed loan) So how are you going to net more cash when spending 1 dollar to get another 1 dollar ?

It sounds like most of your issues came to light during your due diligence.

Sounds about accurate.What you should be focusing on is hopefully you are getting a return(Cash-flow) from your rentals and you are not paying tax on that.This would be better in comparison, to other investments such as dividend or interest income.

Bottom line, if it sounds too good to be true, it probably is.

I had a intro call with them on Friday and their business model sounds amazing, but maybe too amazing. 

It sounds like you're off to a great start!

Sounds like a game-changer, or does it?

Quote from @Derek Bell: Has anyone had any experience in the assisted living/nursing home complex type of developments?

Sounds like a good plan with BRRRR in Columbus, Brad!