The price point of the house was $139,000 which is "lower middle range" as an overall price, however the price per sq ft was $105 which definitely stretched the comps for the neighborhood.

Plus this specific property is on a rough stretch of 35th Ave: ( https://www.redfin.com/CA/Oakland/2626-35th-Ave-94619/home/552254 ) --- so my concern is that rent won't increase enough to cashflow and cover the mortgage, repairs, and vacancy when I'm ready to move out. 

When I mentioned that I have funds of my own and just need help with stretch/overflow he said he could do 1% per month to keep it simple.So...

If you find a place still offering ELOC on rental properties please let me know as I think I am making 2 offers this week that may stretch my finances a bit.  

congrats, $500K at 30 is pretty good by any stretch, on that salary, that's extremely good.

With a HELOC on one of your properties that's tied up for 20 years on this new property, you're stretched really thin. 

That does not by any stretch of the imagination mean that all that income solely belongs to me.

How exactly did you stretch or go above and beyond the Dave Ramsey baby steps @Christopher Leon  Glad to hear you have the situation under control, meaning, your not emotionally attached and are just going to walk away.

Anything that is a bit of a stretch or extra risk to a lender expect a higher rate or an additional point in cost.

So now I could possibly put 20% down each and stretch those 100k heloc money to 10 properties at 10k each down.