Why use a local bank for a heloc?

[Amedeo Conta]

Im getting started investing in rentals. My wife and i plan to take out a heloc on our home that is completely paid off. We are planning on using the heloc money to build an appartment in oir basement and have a rental income there. Then also put a down payment on one or more rental properties that we can quickly rehab and generate rental income from. We are talking to banks now.

My question is what are the benefits of a local bank or credit union to a large bank like Bank or C.U. like of America or Navy Federal? Arent all banks rates based on "Prime"?

Also. Another question. is it ok to buy my first rental out of in a better market over 8 hrs away? Thank you.