Anyways, with the sale of the company I now have a good amount of capital to invest.

I had a loan with canandaigua national bank for a 4 family.

Try getting a partner ( if possible ) involved who has some capital.

Will there be any capital expenses for or requested by a new tenant? 

I was already leaning to the side of just stashing the money away so it will serve either/or function, first as a down payment for your next property or money to pay major capital repairs or improvements.

I do have a small bit of capital in savings.

Then as I become seasoned, I'm willing to ramp up the amount of capital I put at risk.

It does no good to place capital with someone who has a great project with an attractive pro forma, to find out later they can't be trusted. 

I am able to buy one or two more multifamily houses using bank loans or LOC, but not sure where to raise the capital to invest the other 8?

He has barely any operating capital.