They also failed to make me aware of this form.

@Sharad BagriI would open a bank account at a local bank or credit union that will lend on the properties you are buying.

So the loan for the rental shows as a debt but the income is not reported to the bank where we are trying to get the new loan.

I agree with @Jamie Banks that, while it takes time, its best to develop these relationships organically.

When I asked the point of contact for additional information (contract, copy of earnest money check, bank account verification) , they went silent.

If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.

Michael, Every bank has different rules.

75% bank financing.

It seems like a good strategy but would appreciate any advice and if anyone worked with banks/lenders that provide a service like that.Thank you in advance! 

Banks typically require 30% down minimum on condo-tels, many banks won't even lend on them (again, not sure about your market).