Wyoming offers a high level of privacy for trust creators, trustees, and beneficiaries.

Specifically, I am looking at partnering with an individual who owns securities (stock and mutual funds) having them take out a line of credit against their portfolio (SBLOC) at a low interest rate, and using that to purchase properties rather than using a mortgage.

However, your revenue is really low.

I have always feared debt but I'm finding myself high on equity and low on cash flow.

As Jay mentioned they must be NMLS licensed if owner occupant of in several states even commercial needs licensing.The NMLS is like the database, each state has a division of banking that oversees lending requirements then you also on the federal level have CFPB as well as consumer protection laws.I want to add that I believe yesterday the CFPB is undergoing changes, but if it goes away that does not mean that many of the laws in place especially consumer protection laws would go away. 

When they complete this you'll receive their credit report, and a background check.From there you'll have good insight to their 'level of fiteness' for your property.Shahin

See theolivejar(dot)co for her website.She is an LA-based STR designer who has helped a lot of clients get to the level they need to.

Your ability to connect with them on a personal level matters more than your offer.Think about it:  • The “Used Car Salesman” is only focused on closing the deal as fast as possible.

That seems low with the 5 units and storage you mentioned unless they are 1 bed units. 

A few influencing factors will sum up the drive of today's landscape:Inventory & Competition: Although inventory levels have risen some, competition on good deals still seems fierce.