I feel that I am not in a position to start investing because my personal finances are a wreck and I need to first learn self control in my finances.

My rental has 25k equity but my personal only 10k.

I am interested in learning about how to invest in buy and hold properties with minimum down payment and the ability to own the properties in 20 - 30 years free and clear by renting out and letting the cash flow fund my equity in the properties.

Their position is that their pool of buyers is small.  

I would advise that you continue to educate yourself on the different avenues of REI and decide which could put you and your wife in the best position based on your goals.

Our LLC paid cash for these properties and they are producing positive returns.

So you need to establish if the seller has sufficient equity or cash to pay it as its his debt not yours.second off you would simply raise the price to cover the lien.. are you looking at a 203k loan ?

I want to sell my commercial rental property in West Los Angeles that has a lot of equity and payoff the mortgages for a number of rental houses that have little equity.  

I am interested in selling my commercial property with equity and payoff the mortgages of several single family rentals with little equity.  

The property was purchased in 04 before the crash and has become a liability, mostly my doing for not being well versed in money management and cashing out equity on the home.