Others are handing the keys back to senior lenders.

Most lenders here on BP will do value add loans on 1-4 units.

Be up front with your lenders about your scope of work and who you intend to hire to get it done. 

To successfully invest in a property for steady income, establish your investment standards, research the market thoroughly, assess your financial preparedness, connect with local agents, property managers, lenders, and other investors, analyze properties carefully, consider various financing choices, do your homework before making an offer, and negotiate and finalize the deal.

When I've talked with the banks with a sub2, I have a power of attorney which gives me permission to talk with that lender. 

Sounds like it is effecting the lenders collateral and thats why they don't want to do it . should confirm though 

Not looking to refinance due to the great interest rates  4% on 30 year loans but would have not talked to any lenders that will do HELOC's yet.   

I called the lender, said we had to re-finance the loan to use the LLC EIN.

Would be great to hear from some local hard money lenders and mortgage brokers.thanks

Do you have any recommendations for that area (Realtors, lenders, other houshackers)?