When running numbers, especially on small multis more western markets with direct access to NYC tend to be more favorable from the numbers stand point and many of these towns offer 30 minutes or less taking commuting lines.

Alternatively you can do the LOC (line of credit) on it so you can retain the home but are definitely subject to today's current rate environment.

This can result in significant financial loss and damage to your credit score.

We talked to our accountant and she was recommending individual LLC's as well as individual checking accounts/credit cards etc..

Sometimes the cheapest option isnt the best option, and most over-the-phone rate quotes (saying "I have 800 credit and 20% down, what's your best rate?")

I'm starting to liquidate my city houses in favor of the suburbs.  

I am currently looking for a small local bank or credit union that issues lines of credit collateralized with investment property.

Thank you very muchJaša This is how traditional banks, private credit funds and anyone in the lending space works.The challenge you will have is finding someone to give you money at X%. 

Buckets are the credit/exp requirements for leverage and rate. 

For your first commercial deal, your best home is probably going to be with a local community bank or credit union.