I want to refinance it about 12-18 months later into a bank loan. pull out money to pay off the HELOC and enough for a down on a 2nd house or duplex.

It earns a great rate of return compared to a bank account and is fairly liquid.

Bank related issues can be prosecuted for 10 years.

They make bank, but the software they provide is like deal machine meets the MLS and I do kind of want to try it out.

Could be different if you are working with a bank that do not sell the loans they make 

Make friends with some bank presidents, seriously.

They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.

In my land Timber days we just used bank LOC's but success in logging and creating substantial income allowed us to get those lines.

With those numbers, have you checked with a local bank or credit union?

Credit Rating/Bank Statements/Tax Returns: Specify your requirements, if important to you.Purchase Criterion: How do you define a good deal, which will be profitable for your borrower and safe for you?