I'm a merchant marine, I work about 9 months a yr overseas doing military supply.. and earn a not great money but around 57,000 a yr on average last 8 yrs.. 2014 I bought my first rental property in Pittsburgh P.A.. fixer upper paid 20,000 cash and estimated 15,000 came right in on budget..

I've recently talked to about a dozen local banks and credit unions, and it was difficult to find one that offered a LOC on an investment property. 

But alive and well many places such as banks, credit unions, etc and it does not benefit the consumer overall. 

However, I am in the Military and with several deployments taking priority, I was unable to really start the process to begin investing in real estate.I am currently in the process of moving out to Albuquerque, NM and I am finally ready to seriously look into purchasing a property. 

I buy using a commercial loan for SFH from a local credit union which allows 20% down on purchase and cover 100% of repairs per contractors quote.  

@Benjamin Maciel I love the big banks, they do more for me than any regional/local bank or credit union could ever do.

I have a list of local credit unions and small banks in the Cleveland area that was created here on BP.

Lake Michigan Credit Union will do it.

I retired out of the military even though it was the reserves but I did retire. 

We discovered Union Beach this summer while looking for a restaurant, really cute little town with potential, has the nicely maintained Henry Hudson trail running through it (popular for running, hiking and biking), a pretty waterfront with views of Staten Island and Manhattan and some nice houses and townhouse developments near the water.