A double-entry system (like QuickBooks) allows you to reconcile your bank statements, ensuring no missing or duplicate transactions.

But there is a difference between how a real loan officer will speak to you and how someone trying to pretend to be a loan officer will speak to you.FEES YOU CAN EXPECTAppraisal - this is not on the bank and it does not belong to the bank. 

I did all my other due diligence like asking for paystubs, W2s, Tax returns, Employment verification, bank statements etc etc and did not see any red flags overall.

Is any bank offering a HELOC based on the combined equity?

Overall, you're spending $25k in extra costs and a monthly pmt that's $500 higher to keep $50k in your bank account. 

I try not to involve banks (the cheapest money) you end up losing 45% of Potencial CF.New here but if your able to contact me we can talk more about creating Cash Flow.  

The appraiser gave the house a low score so the bank said it is a risky investment for them and gave me a 70% loan.

I also have $100,000 in the bank, and I'm trying to figure out what steps to take next.

If you aren't in that club yet, do a few flips and build some bank. 

this is only a good idea if you have reason to believe that the area will be appreciating quickly, which is called speculation and akin to gambling not investing. me personally, I would rather put my money on black than bank on market appreciation. negative cash flow rentals are a time suck and money suck.