With current LTV, the credit union says we have been approved for approx $48K.

@Kevin Uzelac If you want a long term hold, you need long term funding which will most likely be from a traditional lender.Start checking around with local lenders as well as national lenders and credit unions to see what it will take to qualify for funding for rental properties.

I've only dealt with a Credit Union and I'm only able to get 5 year term, 20 year amortization. 

I keep it in a separate savings account at local bank/credit union.

Hey Jeff, we are at this very moment are about do a 100% heloc (primary) with our local credit union.

North Lawndale - once heavily Jewish, now populated by mostly an African-American demographic.

I'd recommend looking at the smallest local bank or credit union in your area that you can find.

Try your local banks and credit unions.

@Anthony J Robinson  Hard money loan if you're looking to flip it, or a local bank / credit union (portfolio lender) if you're looking to keep as a rental. 

AccountsFirst Advantage Bank,  Consumer's Credit Union, Netspend, Mango Cards, Insight Cards, etc.