HELOC in Orlando FL with no Income Verification

[Matt Nico]

Hello Bigger Pockets!!! I was wondering if anyone has any good recommendations for acquiring a HELOC for a rental.

My Situation:

(3) Rental Properties. I cash flow $4,800/month (after mortgages and fees). Yes you read right. $4,800/month.

Salary of $63,000 (my wife) at her engineering job.

My problem: I tried Wells Fargo, and initially they said "Sure!!! A HELOC should be no problem with your income and assets." Fast forward 5 weeks and I am nowhere. They are giving me the runaround and denied my application, saying that my Debt to Income ratio is too great. Even though my 3 properties cash flow a ton, they are counting the mortgages against me, but not counting all of my income. They see the rentals as liabilities, not assets.

So with that being said......Questions:

1. Does anyone have any smaller local banks they could recommend to me that will see my rental property as assets instead of liabilities?

2. Does anyone know of a loan product that I can utilize to get a HELOC out of a rental property without verifying income? It seems foolish to even think about needing income to verify a loan backed by the house itself in the first place.

Thank you,

Matt