My family is planning to move to Dallas, TX.

Hello, I am new to real estate investing.  

So I know that I have cash to repay the gap within 12 months.

Will a DSCR loan apply to this kind of transaction, being that the house wont be deeded in my name until after I pay my uncle the balloon payment on the seller financing amount?

If you want to leave your IRA intact and avoid penalties or taxes, consider other options such as:HELOC (Home Equity Line of Credit): If you own property with sufficient equity, a HELOC can provide funds for a down payment without tapping into your IRA.Personal Loan: Depending on your credit, a personal loan may be an alternative.Seller Financing or Private Lending: Look into creative financing options for real estate investors, such as seller financing or private lenders, which can help with down payments without needing to use your IRA.

Its potential to appreciate and sustainable Rental income in the long term and and current cash flow proceeds.

Is there any work around to this where everyone wins?

We converted an existing shed to a 1 bed 1 bath apartment and now rent out the bigger house for great cash flow.

Getting ready to buy a very distressed property through a wholesaler.

Rectangular shaped property from North to South.