Assuming you're not over leveraged and your properties are in good financial shape, you should be able to find a banker that's very happy to work with you.Alternatively, look into trading up your current properties.

I will be calling my banker tomorrow but thought I would ask you all. 

Have a meeting with a banker who is familiar with working with investors to discuss financing options and hope to be able to use this to discuss options.   

I'd rather a reasoned answer here than from a banker who will make a buck off my ignorance!

My friend (seriously) owns 1 paid for primary residence, and 2 rental properties in which his uncle acted as the banker for him on those properties (off the books)So in the banks eyes, all 3 of his properties are fully paid for.Primary residence is around $400kRental 1 is around $170k and Rental 2 is around $600kHe was thinking of taking out a LOC for the properties and reinvesting it to purchase a larger property, a property that would still cash flow well after LOC interest payment, P&I and budgeted expenses.So I thought I'd ask on here for some advice on what YOU would do in his situation or how would you go about investing the available equity?

I will schedule meeting with a few bankers in Atlanta next time I am in town.

One of my greatest advisers is actually my banker, and many of the best bankers enjoy the less structured and smaller banks.

But your banker will.  

The professionals you deal with are always licensed, and you get to play on the banker's side of the real estate game, which is the ultimate control. 

The Fed is run by bankers.