I just finished listening to Rich Dad Poor Dad.

For 10 years I used padzilla, also known as tenant-net, for eviction and credit report screening. 

I’d say sell that property before something goes wrong then go back to square one, save up for a down payment and ample cash reserves for when something inevitably goes wrong, establish 2 years solid and consistent income, build credit, find a bank to work with and start over again in a better asset class.

or second worst.. depending on who you talk to .. my banker thinks it was worse than the 30s depression.. but anyway.. we are now coming back into balance.. and unless we have a Credit freeze again were is this distressed inventory going to come from.. ??? 

I probably would put this on a credit card with no interest for a year... rather than use reserves.

Our thought with buying ourselves a home is that we could take out a line of credit to use towards purchasing a multi-family.

I have great credit and day job income and qualify for a disgustingly huge mortgage level, even without rents included so mortgages are not an issue for me.

I don't know any big banks that would touch this.I'd call the smallest 5-10 banks and/or credit unions in Birmingham.

I think it is more behind the demand for those units and your credit rating and your ability to pay the loan no matter what happens that counts.Your obligation is only the current leases and what law might apply in that city, that state, or the country it is located in. 

I was looking for an unsecured business line of credit and it led me to them.