Secondly, you should be able to get records of notice of default, then you know who is in some sort of financial trouble- that doesn't mean the property is vacant or distressed. 

So far, there have been no problems, but I am always ready for trouble.

Looking to take out a line of credit on an investment property in Indy but I am having trouble finding a bank that offers LOC.

Typically on an income-producing property, the income will be taken into consideration, at least a portion of it.

They can then produce reports per customer.Every month, they would settle with customers, either sending them the excess cash flow or receiving money if shortage.Model your setup after this, and you should be fine.

I’m skeptical because I don’t want to get in any trouble or get sued.

For those of you that use 3rd party property management, what are some of the needs your PM has trouble fulfilling?

I still have trouble realizing what deals are good ones, and what rules to use when looking at properties.

You'd actually want to speak to commercial mortgage bankers because of the nature of the loan not the type of property (you're using them as income producing properties not your residence).

We are having trouble finding the most efficient structure for refinancing the limited partners out of the deal.