I have an existing rental property that I am trying to move into an LLC.The mortgage company (Washington Trust) is saying "no" and that I would need to refinance. 

There is a ton of saturation in the cbus market not only here on this platform but with investors in general, its a hot, competitive market, but that also means there are a huge number of garbage operators too, so do your due diligence on who you listen too, but again I can't say enough good things about tommy.  

Any advice for the HELOC lender, who would allow to keep the existing loan, means will take 2nd position? 

The best markets have been saturated for years (Airbnb/STR got way to trendy) and locals tend to hate them so additional LTR units will be welcomed. 

With saturation hitting the market, creativity is imperative for MTR units.

Of course, this would be while working with a knowledgeable investor agent.I'm just concerned that possibly due to Columbus' popularity on BiggerPockets and elsewhere, the market may have been saturated with investors, turn key providers. 

And so many tools out there exist to assist with self management. 

I collect the first month's rent the day they move in.In my area, I am comfortable working with the existing tenant to arrange showings before they move out.

I do and I can say it has great potential for new construction and existing properties.

Hi Tony,Depending on what the full story is your lender might be able to provide you with a refinance so you have time to finish your rehab or extend your existing mortgage.