Buying quality assets with a larger amount down, making improvements, and paying off debt could get you there relatively quickly. 

It has been my path to financial independence, but I mostly am not looking in San Diego currently and I get many off market offerings daily (so even below retail the hold is cash negative).  

I've seen some Smokies owners that cashflow well even with high-leverage debt.

Van Gundy’s bankruptcy is dismissed, then the multiple lawsuits pending against her can proceed in the various courts and she will not receive a discharge on her debts,” said San Antonio lawyer David Jed Williams, who represents a group that sued her and her company.The trustee wants the bankruptcy dismissed “without prejudice,” meaning Van Gundy could refile the case.

If it's mostly fully occupied you can get a full-doc commercial loan as long as it debt covers.

I recommend finding a tax accountant who specializes in real estate taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Selling could net ~$60K after costs, relieving financial stress and providing a reset for future investments.

But ultimately all tenants leave, all debt comes due, and you're going to need to backfill it, so who is that, what pool of tenants could you consider?

Risk of Losing Multiple Properties: If the borrower defaults, the lender can seize all properties used as collateral, which can lead to significant financial loss.2.

If you are working with a reputable company, then you buy the property, hold the property and look up 7-10 years down the road and have a home that has increased in value and a debt that has been reduced by your renter.