You should change the prices you are looking for. 15% down will be tough to find a mortgage right now.

You could start BRRRRing houses and maybe that would allow you to buy more and make more cash flow.As for the paying off the mortgages, I would make you minimum payments monthly and when rates go down in years, you could refinance but pay the same amount and that will help you to pay it off sooner while you are left in the same Cash flow position. 

He asked the right questions and I could tell he was serious, so I decided to team up with him, and we purchased this run down three flat, and gut renovated the bottom unit, while increasing the rent on the top two units.

Just want to get it right now so we can focus on the important work of actually running the hotel!

My contractor made all the calls, got everyone in there very quickly, and has stayed right on budget.

I'm mostly focused on flips this past year, but am looking to add to my rental portfolio when the right deal comes around. 

It's definitely competitive but definitely worth it when it goes right.

Pull up the address on Zimas.LACity.Org and you can see on the left hand side under the "Housing" tab.

You're better off spending your money on an umbrella insurance policy and spending lots of time learning about your rights and liabilities as a landlord. 

The issue with HELOCs right now is that the rate is around 9-10% which will seriously eat into the profitability.