HELOC on Investment Property

[Sterling C.]

Hello, me and my partner owns a SFR free and clear in Florida which we are almost completed with renovation. We are planning to rent it out to a long-term tenant. We are interested in HELOC so wanted to ask to see if there's any bank out there willing to do HELOC on an investment property. Also, we are planning to change the title to LLC as well if possible. In addition, I would love to hear feedback on this idea that we have and would appreciate any feedbacks whether this is a good option or perhaps there are better options available.