Funding renovations on 3rd multi-family...HELCO or out of pocket?

[Matthew Addison]

Hello again,

Looking for some guidance.

closing on my 3rd VA funded multi-fam in WA. I was curious on how i should fund the renovation's( flooring, kitchen, paint, etc).

I will be taking a HELCO out of my first property for about 60k. Renovations are estimated to be around 18-22k. 

Should i use the HELCO to fund this project then do a cashout refinance on the property once its complete?

or

Should i fund this out of pocket and use the funds to secure another property?