Good credit, proof of employment, good rental history with references, etc.

I own a 6 unit multifamily property (non owner occupied) in Tampa and I would like to open a line of credit secured by this property.

I've got $100k in cash, clearly not enough to win the auction, and I don't have time to set up a line of credit - which I probably wouldn't be able to do anyway given what I've recently borrowed on a personal level. 

(with any personal info blacked out)There is prepaid interest (from closing date to the end of the month), interest on the old loan until it's paid off, possibly a new escrow account for taxes and insurance, credit report fee, appraisal fee, title insurance (yes even though title is not being transferred there is always a new lender policy issued). 

The buyer was insistent on getting a working heater, didn't want a $5,000 credit, and there were no standard replacement because of the age and the size of the unit.

@HAILEY ERSKINE Why not pursue purchase money mortgages...no banks, no credit checks...your energy and cash outlay needs to be focused on marketing, not looking at MLS deals through an agent...or buying retail property...

Some mold issues are not a problem at all, and some might require the property to be fully gutted.Just ask for a credit to offset some of the repairs.

And the paint looks terrible.

In addition, it is consuming over half of my line of credit which limits me from buying other projects. 

Even credit unions.