My story takes place in Los Angeles, CA back in 2015. 

I'm looking to open a HELOC on my parents home here in Los Angeles, and use the money to fund rehabs to make their property rent ready.

With our portfolio in Los Angeles, we get travel nurses, insurance placements, families renovating their homes, construction workers, other traveling professionals, vacationers, families moving to or away from LA.

We're in Los Angeles and get most of our bookings through Furnished Finder and Airbnb.

I've house hacked twice here in Los Angeles and had to pivot and invest out of state.

Must be in the city of Los Angeles but preferably closer to Long Beach/Compton.  

Two plus years if you walk into a big bank, zero days if you're working with an REI friendly lender.For an explanation on why what I am posting here differs from what big bank LOs and non-REI friendly mortgage brokers say, relevant link: How Lender Overlays Kill and Prevent Deals.For those that want to see something a little more official than a random guy on a forum, from FannieMae.com I present "Rental Income Calculation Worksheets."

@Veronica De Los Santos to where in the USA do you want to move?

In the Los Angeles, you will have a very tough time finding anything that fits 1%.  

If you make it to Los Angeles, then try staying near the west side and visiting the beach on a warmer day.