How to finance rentals...?

[Colin Dickinson]

I currently own my home and would like to start acquiring rentals. The bank says I can't get a conventional loan on an investment property (to cover both mortgages), why would it let me refinance after borrowing hard money? Isn't that how this is typically done? 

In other words, how do I get my hands on rentals? Maybe I can find a way to get the first one with a large down payment, but I'll be stuck (even worse) in the same situation with my 3rd home...

I feel like I'm close, just need a little clarification from the pro's :)