Leveraging a HELOC (home equity line of credit) could allow you to invest in multifamily without completely draining your savings.

Any prospective resident with bad credit or a prior eviction is going to have an impossible time finding a place to live.  

If you are running a LLC for your rentals is essential that you keep all business  funds in a separate account I like Credit  unions the best .

At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.

At the numbers you are talking about and where the market is heading you could pick up some very high quality NNN national credit tenant properties as commercial continues to recover. 

•Reserve Account: For emergencies or investments.3.Build Business Credit:•Start with vendor accounts (Net-30 accounts) like Uline, Quill, or Grainger to establish a payment history.

The guests have a credit card on file and your policy should allow you to charge for damages or excessive cleaning.

Either would be a great option; I'd probably choose Roseville because it's more established, but the City of Elk Grove deserves a lot of credit for its impactful growth programs, so it wouldn't be a bad option. 

As long as the property generates enough cash flow, you may qualify based on the asset alone.Another route is to explore portfolio loans from local banks or credit unions.

That affects your credit for instance.A better way to look at it is voluntarily making the mortgage payment for someone.