If you were my client I would say several things at this point;Whether you're a newbie or a seasoned investor the rules of successful investing still apply and due diligence is vital so cool your jets. 

If you're using a percentage, you should apply it to the total rent.

Paid cash for a foreclosed house in November, was told when I applied for a mortgage today that I cannot get a loan for less than $125,000 on a rental property.

This also applies to gap and bridge lending.

you can see what kind of equity you can safely take out of your properties and apply to acquiring more, whether in socal or out of state. we bought our house in westchester/lax in 2016 and got some good appreciation. we also added a large 1180 sq ft 3/2.5 ADU. but we've decided to move out of LA to midwest/columbus ohio. are you planning to stay in LA long term?

So rates should - in the medium term - still be rock bottom.What you SHOULD be doing, if you missed out because you needed to "think about it," is apply for a refinance with your favorite in-state loan originator (I'm California only, sorry folks in Nebraska!)

So if i again claim active participation on my rental properties, and apply all my losses and include suspended losses from 2019, i will have zero income before standard deduction.

I have had several recent bookings for March and April and it is quickly filling up no different than any other year.I don't think a SBA loan would apply here.

Since it's a personal guarantee would it be best if I paid down some of my personal debt before applying for business credit? 

An engaged couple has applied to rent.