But I'm guessing maybe your credit is too low for that?  

Leveraging a HELOC (home equity line of credit) could allow you to invest in multifamily without completely draining your savings.

We consider background checks and credit checks only good for 60 days. 

Credit Union, Brokers, Banks (all have different advantage & disadvantages). 

Either way if you personally guaranteed the note, yes it will affect your personal credit no matter who the property is titled to.

Id go right into looking at local credit unions and small community banks for HELOCs (lines of credit) so you can have a lower blended rate and draw/payback as you please.For the 3F - Since this is free and clear, you would only be looking at 1st position options here in the world of financing.

House HackAttend as many REI meetups as you can to grow your network of investors for referrals, help through challenges you may incur but don't have experience with, and learn from proven guest speakersNetworking app like blinq to compile all of your contacts for REI in one area with phone and emailbegin conversations with local credit unions exploring what type of loan products they offer

Have about 50k I would invest (access to more), with excellent credit and good income too, from my full time job.

The #1 reason people are poor, is lack of skills, knowledge, wisdom. 

They wanted $1.2M to payoff  maturing HML on a $2.5M property. their credit was 580 and we told them we would not give you a loan but we would buy the property from you for $1.2M, provide you with a 12 month lease with an option to buy. in 12 months you either buy it or its ours.