There are plenty of lenders that write this type of a loan in California. 

Sometimes that timing does not match up with what the lender is requiring in terms of due diligence, but in Ohio at least, LLCs are quick and easy to set up so you have plenty of time to set up an LLC once you get through your inspection period and prior to closing.

We bought them all for cash; we currently 80% occupied and generating plenty of cash with no debt and very low operating costs.We'd like to obtain a LOC for our business, a portfolio loan, etc in order to keep bringing new properties into the portfolio.What we are running into is that most of the portfolio is potentially under 75k per unit, but what caught me by surprise is the number of lenders who liked us either for a business LOC or portfolio loan but had residency requirements (of course we have local managers of all of these).

There are plenty of them out there.

You will be able to share your story and receive plenty of helpful feedback from experienced members.

If the owner is an entity, research the entity.Also, there are plenty of fish in the sea.

Plenty of ways to skin a cat, good luck man!  

You are paying plenty of money every time that you refinance.

Dozens of inquiries and plenty of applicants for each vacancy.

Plenty of good tenants and rent/price appreciation but it won't be positive cash flow immediately.