I'd suggest talking to loan officers at the smaller local banks in the Triad - they will have more flexibility in their underwriting criteria than the big banks, might be willing to spend more time with you assembling a good loan if he or she feels a relationship can develop, and will be more in touch with the local marketplace.

I was thinking I could just open another bank account at a different bank.

Try small local bank. 

THey are institutional i.e. private banks and generally really solid. rates are between hard money and conventional but they are a good option when in a spot such as yours.Try doing a general search in Scotsmans Guide.  

@Adam PhilpotIf it's bank owned property the liens have been cleared.

The instructor is correct, but to be fair, it doesn't matter what scenario you are in - if you buy at the top of the market you're gonna have problems in a variety of ways, be it with a HML, bank, investor, or otherwise.65% is the magic number for us, but occasionally we see deals that do allow up to 70%.  

I've also got a realtor friend who's fed me deals and gaining inroads with Bank REO's and has out right asked to partner with me on deals.   

yes...no lender/bank is going to work directly with you unless they are that single branch local, community mom and pop bank that is two deals away from going into FDIC receivership.

I have my tenants take it to my bank and deposit it directly into the account.  

I want to put in an offer for a property, it listed on MLS for 120k, want to put in an offer for 70k but my agents said I would need the fund in my bank first.