If you have a favorite banker, then find out who they use for an appraiser.

I am getting started late (50) but i do have the advantage of capital and a good network of professionals (accountants, bankers, attorneys)  Thought this would be a good start just needed some experienced investors to provide input. 

My understanding, from talking to a few local bankers in my area, is that most banks will not give a heloc on an investment property.

This gives you negotiating power.9Site acquisition10Financing:See “Topic”11Financing-constructionFind a banker who knows Apartment building construction12Financing- rent up stageSame as above.

If this is your first jump, make sure you get a good checklist and go line by line ... and check with your Real Estate Agent/Banker/Attorney ... etc.

Agent: Susan RobinetBroker | Houseboat Specialist, Coldwell

thanks @John Warren,i did call the banker today and told him what type of account i needed, and he knew exactly what i'm talking about. like @Brandon Rush mentioned at the beginning, its called a tenant/landlord account (with chase) and its interest bearing. so i should be covered in an event something goes wrong, right?

I would humbly suggest that you network with a couple of COMMERCIAL bankers in your area. 

If not that’s okay just start having conversations with a Banker/Loan Officer and a good real estate agent.

I was a long-time banker that had financed hundreds if not thousands of rentals/flips prior to getting into it myself.