Some situational specifics pertaining to the question:8+ units, $250k+ loan amountCurrent rate at 4.5%Property in Omaha, NebraskaNew investor, no existing portfolio to leverageHigh credit score, Good personal incomeI'd take only 6-10 years of a fixed rate until reset if that made the 25 yr am possible.

Look into getting with a lender that does portfolio lending.

Something seems inherently wrong with this metric if a solid rental portfolio that provides positive cash flow even after depreciation falls into the "unacceptable risk" category.

Milwaukee is a great place to build your passive income portfolio!

Praxis Capital (praxcap dot com ) for the option of being in a "diversifed" black poll portfolio where they buy multiple (>10) properties as buy to rent or buy to flip.

I insure more than 500 units with REIs and in almost every case I have seen a single LLC with GL and a Commercial Umbrella will be enough basic structure/protection to build on as your portfolio grows and changes.  

Also, once you get past 10 loans, you will be dealing with commercial loans or portfolio loans, which make things a bit for difficult.Its possible, just not easy.

I have an appreciable RE and stock portfolio but I'm just looking at other ways of diversifying for the near and long term future.

I can't wait for the day to have dozens of properties in my portfolio but I can't seem to figure out how I'm going to do that in CA when I can't find one because of the insane cost.

That way you, you can pull some money out about 6 months post closing, under the terms discussed above, and continue to grow your portfolio.