I did the analysis beforehand taking into account the managment fee, vacancy, capex, repairs, mortgage, etc and it still came out above my monthly cash flow requirements.

So my strategy would be to get a 70%LTV loan and mortgage from a bank and find maybe 1-3 debt investors to finance the rest.  

Be aware that if you have a mortgage on the property, the transfer to an LLC may trigger the due on sale clause (that could be avoided using a land trust).

I have a SFH rental property In the Bay Area that I’m looking to pull money out of using a heloc or putting a mortgage on top of the property.

If you have a mortgage on each property and less than 4 houses just make sure you have good insurance and maybe an umbrella policy for now.

You may have someone pay most, if not all, of your mortgage by doing so.

What happens to a mortgage lien after foreclosure at county auction? 

Mortgage would be half the going rent in that area.

He owes $20,000 to the mortgage company (which he says can be negotiated) and $5,000 back taxes.

I have equity, but according to my mortgage broker, because of the remaining mortgage balance, I can only qualify for a 150K or 200K property.When I bought, I thought that the monthly rent would allow me to qualify for a bigger mortgage but apparently it doesn't work that way anymore.