If that is variable state to state or institution to institution, then it may be worth seeking another mortgage guy to investigate cash out refinance options.

If you want to get things going, you need to look at private institutional money.

But a community bank is your best bet, your larger institutions will need atleast 250 members.

I am looking for recommendations for institutions that provide scattered site financing for the Milwaukee area.

I really want to take a loan against my rental building so I can buy more investment properties, but my situation is I don't have tax returns ( new immigrant and this property has only generated income for 6 months), any suggestion on which financial institution can help a case like mine?

The terms/conditions are a huge flag as already pointed out, but the accent shouldn't be considered a flag if we ever want to get the mortgage lending industry (both private and institutional) more diverse than it is today.

Many large institutions are at 12 - 24 months.

Does anyone know a bank or lending institution that would lend based on a properties income as opposed to personal income?

@Jonathan Depa I'm not sure that short term properties are dealt with any different than long term tradition rental properties, but in 2009 Fannie Mae increased the number of properties that a bank or financial institution can finance to 10. 

We typically syndicate our equity requirements for our acquisitions through accredited investors and institutional investors.We have never done any TIC or DST and are very interested in learning more about how to find investors who are looking for 1031 like kind exchanges.