I imagine a lot of the reasons will overlap with the previous topic.  

Have them send you a line by line item of what's needed.

Quote from @Patrick M Nichols: Cogo is a total scam... lots of fees on the front end.

So as a newer person in an area if you want a lot of bids before you close you'll normally end up with the more expensive guys or the ones that don't have work at the moment (usually for a reason).

It will make the loans more valuable if you ever decide to sell them and decreases the chances of default. 

Verifying last 2 years of rental history very important!

Obviously very excited … But it looks suspicious to me - does this inquiry seem like some kind of scam or the beginning of a scam??

What made you interested in investing in this type of deal?

I don’t think you’d slide the substitution of credit past the newest of new realtors.

Quote from @Mary Jay: Quote from @Jay Hurst: Quote from @Mary Jay: hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get some cash out of it via Heloc or another vehicle,  so I could buy another rental, but its not my primary, so I cant get a HELOC on it from lots of banks....I think PenFed does helocs on rentals, but because I have more than 5 rentals, I dont qualify for their HELOC loan.IS there a bank that would give a HELOC/cash on a rental?