Pay out mortgage, taxes, insurance, utilities, maintenance, management fees, etc.Savings: transfer the security deposit(s) from checking to savings and hold them here so you don't accidentally spend them.

I WAS by no means a security camera enthusiast.

Total out-of-pocket for me per month would be $555 based on the $5255 (downpayment + CAPEX + utility + other expenses like insurance and security) breakdown above. 

I'm in Los Angeles, have plenty of equity in my personal home, and am looking to secure a small LOC of $50k-$100k.

The LLC comes in very handy for larger investments, particularly at the commercial level where it becomes much easier to secure financing through the entity. 

When I started paying social security they said I could retire at 62.

I'm in Los Angeles, have plenty of equity in my personal home, and am looking to secure a small LOC of $50k-$100k.

You may be able to back after them for your costs in straightening this out.Did you get any letters of indemnification from that seller and tenants that stated if there was a security deposit, last months rent, who was in the apartment etc etc?

How do you secure financing to purchase multiple investment Property if you can barely qualify for 1 conventional mortgage for 1st investment property?

The property is being sold with owner financing but Im not sure that makes any difference.On another note, I am looking for ideas on how to best secure the lot against the scum that scour the city at night.