Rehab to Rent Purchased with Cash - Now What?

[Josh Wilkerson]

I'm working on closing my first rental property. It was a state owned home that I purchased for $2500 cash. It's going to require about $40k in rehab but will have an ARV of ~$95k and rent for $700/mo. I'm struggling with the next step of financing the rehab. I'm aware of PML/HML other creative financing methods but am not up to speed on how I could recover the funds to pay off the HML. Would this be through HELOC? Is there a seasoning period for HELOC or can I apply as soon as it's rehabbed and rented?