Thanks in advance, IrisHi Iris,I ended up transferring ownership to the LLC and didn't have any issues.

I don't know your skin thickness but know I do it with love and care for your improvement, there is no insult meant by any of it but fact is we all gotta suck, learn and try again before we get great, right. 

A grand negative cash flow is not the issue.

Bob - I have five occupied padsplits under contract right now with Fernando Corona and have closed several with him this year.Normal DSCR brokers have issues getting this through underwriting - it's important to work with a broker / lender that fully understands how to get these to CTC.I'll PM you

Its good to see that there are no issues at this point. 

This is not just a racial issue. 

The beauty is that you can easily change your mind on this issue in the future.

I’ve never had this specific issue but mistakes like this are pretty common. 

However, your issue would be lack of equity.

I've asked my clients a similar question and have developed tools for them to minimize this, but I find there are a few different types of clients.Manager managed - these folks have no issues as they simply upload their year end statement from their property manager, their 1098 mortgage statement and any other one-off expenses they may have paid for outside of the management company.