Travel nurses are making bank and sometimes I think the locums companies provide lodging.

A traditional bank will not give a line of credit even if there is significant equity because it boils down to being able to pay back the money. 

Bankers are generally not aware of hard money loan options, and even if they are, they don't generally refer them when they believe they can approve a loan to you from their bank.

I have had a couple of clients just get the loan approved with the long term rates and then the bank really doesn't care how they get it rented out after.

These deals are so highly leveraged that if they fail to attain their projections and cannot refinance the project, it will fail and go to zero.

Start by talking to your bank. 

So you better find something that cash flows or you’d be better off putting the money in a bank CD. 

The plumbing will fail again, or you could get water under the house in another way.

This was a cost-effective way to meet our requirement of providing just a stove and refrigerator (we don’t include washers or dryers), without breaking the bank further.But here’s the twist: If we were upgrading appliances for a long-term tenant with a stellar payment history, we might invest in brand-new appliances.

I'm sure some local banks will do higher especially with a strong relationship but don't think I will fall into that category.