Home Equity for Down Payment of SFR's Out of State?

[Melinda Warren]

I'm new to investing, live in CA and have 200K + in Home Equity that I would like to use for out-of-state turnkey SFRs. Two questions:

- Would any lender consider providing both a home equity loan (for down payments) & also providing financing for 2-4 SFRs under their umbrella?

- If not, then I'm wondering if securing the HEL would diminsh my ability to finance the SFR's independently (ideally within the same timeline to close).

I have a solid credit score and f/t income that is strong, but would like to streamline the process as much as possible. For example, I don't want to qualify for the HEL and then be turned down if I apply to mortgage the SFR's within the same time period.

These SFR's would be for buy and hold, but I'd be able to pay off the HEL in 5 years, although would look for a 10 year term most likely.

I'm also exploring who/where people have had positive experiences with Turnkey properties since some companies seem questionable.

Thanks for any help!