I have excellent credit but no money for a deposit. 

The only credit I gave him is for the floor but I shouldn't have done that.

It really should be recorded but we are a little more loosey goosey with things since it is a line of credit and is paid on direct draws.

@Jay Hinrichs,Brighton Bank will lend to out-of-state investors, but they say everything is contingent on credit quality and debt service capacity.

It has solid cash flow and great tenant currently living there.Can anybody recommend me a bank/credit union/financial institution that can provide me 200K HELOC  (up to 70% LTV)?

Good afternoon everyone, I’ve looked far and wide for guidelines in regards to purchasing a second home, but I cannot for the life of me find the credit score requirement, down-payment, etc for the state of Florida.

You don't want to waste postage on old addresses if you can help it.There are several printing and mailing companies that offer canned letters and post card templates for investors.

@Ian I LeinwandFrom a Private Money Portfolio lending aspect you would most likely have (2) options on a (2-4 unit). 1) Rehab/Fix and flip type loan if rehab/repairs are needed >$5k- Depending on experience and Credit, acquisition LTV would be between 85%-95%, estimated Interest Only rate 7.09%--9.99% w/ 1 point for 9 months.  2) Rental Loan (2-4 unit), Depending on Credit, Max 75% LTV (80-85% SFR), Estimated 5/1 ARM rate 7.125% Full AM. or 7.375% Interest Only w/1 point.  

I'm a small business owner and my wife is a real estate agent (and ex interior designer), we both have 700+ credit scores, but not enough cash on hand to cover the difference between the usual 70-75% loaned by hard money lenders and the total cost of projects in the Tampa area.  

Keep good credit and save $$$!