I’m looking to buy some single or multi family units for long term rentals that would provide at least a moderate degree of cash flow.  

In some municipalities rent works with the property, not the tenant, so that even if a tenant moves out, you can only raise it a certain percentage with the next tenant.

Once you do that, you can always make a equity contribution to your LLC or even a loan from you to the LLC using the money from the loan or line that you personally borrowed.

That can be used for a primary single family or 2-4 unit.

The units are situated parallelly to each other, making it ideal to subdivide the lot into three, and end up having 3 single family units.

The flipper folks always like to say "you make your money when you buy," meaning that the lowest possible and highest value entry price point is one of the most important things.So let's visualize a single story office building.

Maybe even ask your lender if they know someone you could partner with.

Even if you don't get much your first round, they continue to manage and work on everything for you to help get you as much funding as possible!

And what figure 30k in upgrades at least and even that isn't too much. 

I noticed there are a few single families and foreclosed homes in that area as well.