I also require tenants to direct deposit through payroll deduction or going to my bank and physically depositing rent...no alternatives.

I have a small local bank that I have been using for 4 years.

Listen to the @Gino Barbaro podcasts, they say go for it "Lean into" deals, but you gotta have cash to get the wheels moving with the bank, then once you have the "relationship", you can do lots of things.

I thought pulling 100k in bank mortgage to use cash for other investments, pay them a percentage for the usage and would still have approximately 700$ monthly payment on 20yrs 5.5%.

These include bank accounts, stocks, bonds, mutual funds, and so on.

I make my monthly payments to another bank.

@Frankie White this is not a good BRRR property.... the most a bank will finance, based on your ARV, is $168k, so you wont recoup any of your investment to "repeat".

That they were surprised on how many pm companies failed to meet them, didn't answer their phones and weren't what they said they were.

If IRS reconstructs your income with the bank statements, you need to have a audit trial of what all the money coming in are for. 

I have a few I use that like their money being deployed at rates higher than the .5% their bank was giving them.