Are you going through a commercial bank?

There is risk - so the reward should be good (better than the "safe" bank would offer).

Can I go to a regular bank and get a conventional mortgage for less than $50k? 

It has solid cash flow and great tenant currently living there.Can anybody recommend me a bank/credit union/financial institution that can provide me 200K HELOC  (up to 70% LTV)?

I purchased the unit in cash and was told previously by banks I could immediately get a cash out refi of 75%. 

There are also local banks who might be interested in a "short" loan of 6-18 months.

I will definitely call around a couple smaller banks in the state I am planning to invest in.

Also, I’m wondering if banks will issue any business credit cards to a brand new LLC?

Once you have tenants placed you have nothing to do really.Also, until the rental income is aged 2 years most banks won't accept it as income.Now, just save you job income and put it towards the next purchase.

I did a little research and found out it's bank owned and a real estate agent I spoke with said "there's no movement on it at all" (whatever that means!).