Credit unions are good places to shop around for this type of loan.Just make sure your cashflow from the investment property is enough to cover the expenses for that property and have enough to pay down the HELOC you used for the downpayment as well.Happy to help!

@Tyler Fisher-  great  -  good luck and contact several  heloc  options   and  ask  the  other questions  noted  ...I would  recommend  contacting the smaller  to mid size  bank  and  credit unions in the  area  you are  buying for heloc options 

Also heads up I was at a Calgary Residential Rental Association event last week and apparently, the Acorn Tenant Union is getting established in Alberta and will be pushing for rent control: https://acorncanada.org/

I am loyal to my one, so I do not have too much knowledge on nationwide-based HML, but if I were starting out new and had to earn trust, I would actually use a credit union and see what products they have for distressed properties. 

You might try Fulton Bank, TD Bank or local community banks and credit unions.

Best rates & terms & you get to learn how to be a landlord with another unit besides you.If a newer investor can't go that route for whatever reason, then i would recommend just a standard investment loan from a local credit union.

Not sure where you are, but there is a credit union near me that I have gotten a HELOC with and they will do 100% LTV if it is your primary residence.

Call a big bank and a local credit union to discuss your options.

Like I always seem to run into issues when I talk to lenders about a portfolio loan.I would really like to somehow not do any projects for clients and just work on building my portfolio, I’m just not sure how to make the transition, two years ago I was 15 years into working as a union carpenter, I am honestly still trying to hit my stride with my business it’s doing well but I know I have more to learn and grow.

Both loans are with a small federal credit union that we’ve been doing business with for 30 years.