An MD at an investment bank will chuckle with the typical elevator pitch done by most real estate "investors" but a private individual with whom one has a pre-existing relationship (and limited real estate knowledge) might be intrigued. 

Banks will refinance the property you paid cash for, but only on the amount used to purchase the home and not the renovations. 

We are planning to finance the deal so you can think of the bank as being another party in this transaction.My question for the community is the following:  How do you guys usually structure these kinds of deals?  

No need to leave in leave in escrow, but why not in the LLC bank account? 

Rinse and repeat until the bank says I'm at my max.

Any regional bank or boutique bank’s in Chicago that would do a LOC on a 4unit Investment?

Do the math again (make sure to shop around for a bank with lower fees) and see if there is a solution to increases the value of it in a short time, so you can refinance it later after get a new appraisal after  rehabe....No deal is batter than a bad deal which will stress you out and not worthy of the time and $.  

But I think that is common with many owners that are institutional banks

Does anyone know of a bank that will do a HELOC on a non-owner occupied property in Hawaii?

So, I'm thinking of being the bank, and the collateral would be the property the borrower is buying.