Our family owned operation has been in business for over 10 years.

I think it might help some seasoned landlords answer your question if you share details about your rental like bed/bath count and sq ft.

I have done a cashout refinance on an investment to get money for more investing.

Or should I save up separately for my first rental property and keep my personal residence out of this?

There could still be a deal in there, but have you seen it? 

After 99 Cents Only filed for bankruptcy in April 2024, 28 stores in Phoenix closed, leaving 632,900 square feet of prime retail space available.

Just be a little more frugal in life. ps I dont think you need to be creative, just cut back "un poquito"

(I had additional carrying costs from a HELOC, which meant I walked with around $45,000) What made you interested in investing in this type of deal?

@Jesse Dominguez-Castelan You should also explore one of the quickest options to this situation - reach out to the seller financing provider and see if he'll extend the balloon a few more years.I did this in the past when my 5 year balloon was about up, it was a simple email checking if he was happy with the arrangement and would extend an additional 3 years. 

There are plenty in the Philly area as well.