Also, verify rent payments for last 2 years.

We've seen 3% for 100+ unit apartment complexes, but they also have onsite staff not included in the 3% management fee.Two other pricing options to properly understand:1) Fee charged based upon tenant payments or just occupancy.

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It will give you a lower interest rate on both properties because you bought them as owner occupants, and it will require less down payment to get into. 

What kind of account or vehicle would you suggest to start saving down payment money for my first rental property?

The maximum fixed-rate period seems to be seven years, and there is generally a balloon payment at 10 or 15 years.

There are down payment programs for duplexes, i have not searched or tried to do a 3-4 unit property. 

You can allocate those proceeds any way you want - as equal down payments or buy one for cash and others with loans - It doesn't matter a bit as long as you use all of the cash and purchase at least as much as you sell. 

I have equity in my CO rental; I don’t have a large enough sum saved up for a down payment yet so I’m wondering if a HELOC would be an option on my CO property. 

I offered them 10% down, interest rates favorable to me, amortized for 30 years, but with a balloon payment after 3-5 years.