Hi Hillary, I would call some of the local credit unions as well as one or two larger banks to get an idea of what everyone is offering for owner occupied HELOCs and what LTV (loan to value) each is given.

:(One of the few examples was a 10-unit apartment building, which was offered to us first at $1.6MM, we refused to go above $1.5MM.

This route may offer more favorable quotes, helping you make the best decision for your property and maintain your relationship with your current PM.

They are offering 2k a month and 2500 when fully occupied.

@Jimmy Hung if you can find an insurance carrier to offer Agreed Value, you can insure for a lower limit without being penalized for underinsuring. 

@Dan Camp most real estate agents will offer this, but wouldn't recommend letting them do the prospect screening due to conflict of interest.Probably better to hire a local PMC to handle this.

I have a better conventional offer than that right now that will cash flow.

I am also happy that they recently started offering AC tuneups for $75. 

We utilized an amazing realtor and put in an offer at asking price.

No contingencies or inspection periods, and offers are always done in cash.