Also HELOC's get more restrictive or lenders get rid of credit lines all together.

I know my profile is pretty sparse right now and I'm rather time poor at the moment, but I'll be adding to it as I get the chance.

Property Details: 10202 3 Oaks Way, Santee, CA is a 2 /1 - 875 sq ft with a poorly converted garage into a master suite in a really nice part of Santee (East San Diego).

We get charged 3%, whether our renter pays from their checking account or whether they use a credit card. 

So I wanted to take this opportunity to potentially build a relationship with a local credit union or regional bank who also provides portfolio lending options. 

Furthermore, I do have some equity in the house and at some point I’m definitely going to take out a line of credit against it as a down payment on my first deal.

Get on top of this one before the Get out of hand with other crazy fees associated with Leasing our your property I don’t know where they would spend the money, as I’m sure they already charge a fee for processing the credit, gate fee, amenity fee etc...

im stuck on 3rd R of BRRRR.i bought triplex financed my downpayment and used total $45k to fix up now cant afford to refi cash out to repeat cause need 2-3 months of reserves ie $3500-4500 in personal not dba account. i only have dba and i spent it on fixing 3 unit and rehabbing my new personal residence. both have equity but no one wants do Heloc with me credit is 700. owe $79k on triplex ARV is eta $225k based on noi , gross rents $2995 net monthly is $1850, moved into 3 unit for 5 months while fixing then tried refi while living onsite but needed 1140 rent to meet debt 2 income ratio to buy primary residence and b4 moved out i  tried refi via VA but  told need make 6 payments first. so i hunt for portfolio lenders...no luck yet tried 4 in Maine. once moved out tried refi triolex conventionally with veterans unlimited, and quicken loans. both failed me on dumb minutiae wasted 3 months.now spent all my original financed money to fix up triplex and rest money to buy, move and rehabb my primary and now have no reserves. im living off my rent incomes. cant save up need buy 6-8 unit need 25% down plus rehab costs.sitting on 3 acre river front 1500 sqft camp with 2 barns 35ft from river that needs rehabbing but owe $52k ARV is $190k. holding is $550 month, needs $50k rehabb any lenders offer no reserves and 100% besides VA and no seasoning?

@Jeremy Resmer  Smaller banks or credit unions in your area - you just have to keep calling. 

Hey just a heads up me and my soon to be buisness partner are going to the rich dad poor dad workshop in palm springs.