@Allen Lopez Pen Fed will do a Heloc at 80% LTV on a rental if it's held in your name, not in an LLC and you have 3 properties or less including your primary. 12 year draw, tied to prime + 1%, no closing costs unless a physical site visit appraisal is needed, if closed within 24 months they will back charge the fees they waived in opening your Heloc ($400-$600), you choose I/O payments or P/I payments.
Use Google and talk to a bunch of lenders to see what they can do for you. that's what I did. I last used Tower Federal Credit Union (based in MD) and they had awesome terms. You can probably find some local credit unions that can get it done.
@Allen Lopez Pen Fed will do a Heloc at 80% LTV on a rental if it's held in your name, not in an LLC and you have 3 properties or less including your primary. 12 year draw, tied to prime + 1%, no closing costs unless a physical site visit appraisal is needed, if closed within 24 months they will back charge the fees they waived in opening your Heloc ($400-$600), you choose I/O payments or P/I payments.