So I just brought my primary residence, so a HELOC isn't an option for me right now since I don't have much equity in my home. I don't want to sit and plan for much longer and I would like to execute on acquiring a single family home for a rental property.
What should be my next attempt to gain capital for a deal? I was thinking about a renters mortgage through my bank.
If you've got credit, good debt/income ratio, and a down payment financing a rental shouldn't be a problem through most banks. Local banks will be more likely to lender on lower value properties (not sure if this is what you are asking exactly) than a larger bank will be.