Some banks will also give loans using assets that you have as collateral. 

This includes income & asset verification, tenant's credit, criminal, and eviction reports.

.; the local broker community knows the type assets we buy and therefore often I get first look and my investors benefit.And to go full circle and present an alternative viewpoint.

Unless you want to overbid someone else they would not entertain if you want to buy an asset with a 25% discount lol, they are the pros.

Without risk you will never achieve financial independence. 

However, challenges persist as reflected in the rise of nonperforming commercial real estate loans, particularly in office properties, prompting banks like PNC Financial Services Group, U.S.

Anyone who is willing to sink hundreds of thousands of dollars into an asset based on a photo deserves whatever they get. 

We all have to do our due diligence and no one should be taking for granted that what you were able to generate is what they will be able to generate, but it's not uncommon at all to ask to see the financials.

What if you run into some financial trouble and pricing declines, then you will sell the property at a loss and not be able to pay off the full HELOC. 

I strongly encourage you to consider a variety of asset types while you build up the capital to enter non-owner-occupant investing.