They switch banks and ask for an extension and add another $2500 deposit as a show of good faith. 

Meaning, the bank wants to see that a property cash flows for typically one to two years of tax returns before they count it as income. 

The liquidity or funds for the purchase can be in your new entity or your personal bank acct.

Given that the seller is financing the deal for the 2 years and then the plan is to re-finance it with a bank, I am having difficulty producing such financial analysis.

Quote from @Will Cruz: Does anyone know of a Bank that is willing to do a HELOC on an investment property?

That is a true portfolio loan with a commercial loan and through a commercial lender or bank that provides portfolio lending.

@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.

Go work with community banks, regional banks, and local credit unions.

Nevertheless, Jeff told me he thought I had a shot with this bank, and that I should go down and meet with the president.

First Financial Bank has no record of having done business with Goodin Development.