The issue above was that you were clearly attempting to obtain financing from the bank without full disclosure as to your funds which IS BANK and MORTGAGE FRAUD, not an opinion, but by statute, any omission of facts in an attempt to obtain financing from an insured institution is considered fraud, period!

Does anyone have any templates or know where they can be obtained (prefer for free) that can be used to structure an effective letter? 

Can you obtain better cash flow?  

Understand that hard money lenders are short term financing, less than  a year usually, so your strategy used must be in line with the term of financing you obtain.

We are paying down the line, with payments higher than what is required monthly, but the only way to obtain the third property that we see is to wait it out til we pay off more of our line (meaning it may be another 2-3 yrs before we can get another property).Any suggestions out there?

He shows you how to obtain business credit instead of using your own personal credit.

I did not know that, but, I know someone who has used NACA to obtain a house here in Houston.

Obtaining a real estate license can be beneficial in that it commands respect and authority, showing people you are an expert in the business.

I posted this in the financial section, but it really applies to rentals...

I will be paying cash for my NOO properties, repairing/upgrading, and then refinancing. My biggest concern is that the banks will not recogn...

The only acceptable reason would be because of poor credit or outrageous debt-ratios due to self-employment or unability to show income, etc.Work with someone to obtain unsecured credit lines (hint) to obtain working capital.