CA there is NO possibility of a deficiency judgement on a purchase money owner occ loan.. borrower can walk and the worse that happens is their credit will have a foreclosure if the bank goes that route or a deed in lu. 

Quote from @Ed Hoffman: Are there any issues/problems If I want to purchase a rental property in Pennsylvania with my New York York LLC? 

But I’ve never personally invested in real estate using business credit more traditional for my first property, so I’m always curious when clients say they want to use this funding for a real estate deal.Here’s where I get stuck:Real estate deals can be risky, especially if the project takes longer than 12 months to close or unexpected costs pop up.With prices climbing, it feels like the margin for error is smaller than ever.Would you recommend someone use business credit to invest in real estate?

The last thing you want to do is use hard money to purchase a property you want to keep but then be unable to refi out of the hard money. 

Later the argument states that larger lump sums are better than smaller monthly payments.

If not, pay off the mortgage all at once.This will help keep you from rationalizing a bad rental purchase just because you earmarked the funds for it. 

At your scale, you would likely need to go full steam ahead and get the required licenses.

I have had a lot of success purchasing 5 bedrooms houses next to larger universities and have been able to easily find tenants.

Partner with an investor: If DTI and income are concerns, partnering with someone who has better qualifications could help you scale faster.3.

Also, rather than taking a large amount of money and investing into one single directly owned property, I can split it up into much smaller chunks across many different passive investments.