I am not sure the Tenant is so friendly, my property manager deals with them.If you have a PM, they should answer this question for you and handle the process.You should notify the PM and update your PM Agreement, W-9, banking information, etc.

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! 

Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.

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

Please see below update on the this case:My attorney and I have been going through multiple banking records over the last few months.

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

Insurance, bank accounts, credit cards, etc.You are probably making your life more complicated and expensive than it needs to be.

Bank with a 25% downpayment?  

Did they have bank statements showing utility payments for the rentals?

Most people that try to make a living wholesaling fail.