Small town or regional banks tend to be more flexible but have higher rates in these cases.So don't rule out refinancing the debt into the LLC's name. 

Multifamily/Commercial is my area of interest and Ohio is one of the regions I am exploring.

Sacramento region, single family homes

I do plan to do renovations, but inventory has risen at a much faster rate than rents have in this region, which makes getting cash flow extremely difficult.  

It is different not only in every country it is different in ever region in every property class within a country.

@Tyler Kastelberg what region are you looking to invest in? 

In pursuit of this I have asked a few mortgage loan originators at regional banks about lending to LLCs for residential rental property.

This might be changing.There are few other/better ways to find those small companies that could use the space for rent and it has been valuable for that...the national and regional guys, I maintain a database and have not found Loopnet to be particularly helpful there....but regardless, Loopnet service has been of use to me over the years for finding and marketing properties to lease.  

hi  @CJ Dakin.I'm a Kitchener Real estate agent here and I've done many deals with investors not only in My Region but all over Ontario.If there is a budget that you have in mind let me know i'll guide you on getting this set up with great properties where the numbers work for you as a  profit.

Etc--Business Models vary by region, South Jersey, Central Jersey, Jersey Shore, Philadelphia but the core of the decision process remains the same.South Jersey Is mostly a residential development area so the rehabs center around single family homes.