I found out that some of the local banks offer unsecured lines of credit for $30k-$250k.

If you have already created an LLC, you should have a business bank account to manage separate books and start building credit for that LLC by opening lines of credit, credit cards, etc. in order to build the credit profile for the LLC.

Always make the "ask" as if your pockets are lined with gold and you are genuinely offering them the opportunity to invest with you. 

I am trying to get everything in line before the hiccups. 

But if you know what you're doing, then yes, it's a way to get in front of the line, especially in a competitive market such as L.A.

I have language along those lines in the lease.Thank you.PS, I live in Indiana.

Take into account the equity the private lender wants plus their fees or the rate and fees associated with a line of credit.

Also, I am not aware of any hard money lenders taking second lien positions, perhaps you can secure a personal line of credit or partner with another investor. 

Gotta increase your income to buy units that's the bottom line.   

On line 15 of the worksheet for Schedule D the taxpayer enters $38,600 if single or married filing separately or larger amounts if married or head of household.