Then I have to go for HML, with high interest rates and 12 month repayment period.

Please share companies with competitive rates.

Just a warning, heloc rates are high right now, mine is at 10% but you could find a better deal for a short period realistically. 

Most work this way Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Depends on the Class of tenants you get!

Then the test is a bear in Cali, only 12% pass rate...harder than Bar Exam.

@Florencio NayveIt depends on exactly what you’re looking to do. 

Need to re-paint walls, doors and trim.3 Bedroom 2 Bath, 1300 sqftHi Brian,I pay between $2.50 to $4.50 a square depending on the house and what type of paint you want and is there damages or dark colors, smells etc... 

Some lenders (depending on the number of units) will even require two appraisals..paid whether the loan closes or not.- Reserves.

With the rates the way they are and in my area multi-family properties are being listed for a high amount like $800k for a duplex, with 2 apartments and 1 bath each.