In the conforming market it will be very difficult to find a bank to do a non owner line of credit unless you connect it to your primary residence.

However, others can be a big headache with inspections, buyers taking forever to submit proper paper work to lenders, lenders who take 5 business days for anything to move on to the next step, etc.Lots of reasons it can become difficult.

@Zachary Robertson This is going to be difficult to do if you do not have experience.  

It will be extremely difficult (and probably not worth your time) to pursue a deal in which you try to offer an amount under what is owed on the property.

While it's not difficult, it is cumbersome to hold a deed as Joe Smith, 22%, Mary White, 10%, Bob Johnson, 13.2%, Carol Black, 16.7% etc, etc.  

I only do 15 year notes so that makes it a bit difficult as well, to find cash flow. 

If I could get a HELOC from that property, I would be able to purchase the second property in cash and pay for all the repairs in cash too, huge win.I've been reading all over ,this is very difficult to do, as most banks and lenders will not give a HELOC off a rental property.

Difficult questions to answer without knowing things such as:1) Target property type: SFR, 2-4 unit MFR, 5+ unit, mixed use?

From what I have seen (as a newbie investor) it can be quite difficult to get onto a wholesaler's buyer list and even if you do their high volume clients likely get first dibs on their best deals.

Long Term goal: buy multi family units 50-100 and live off the income I realize the bay area is difficult to achieve these goals and will be willing to look outside.Regards,Armand.