Need advice HELOC / HELOAN or don't do either?

[Sam Kovatovich]

Hello! Newbie here, wife and I would love to purchase our first rental.  We thought it would be best to see what we'd qualify for first, and we've gone pretty far down that path and have submitted all the paperwork for a HELOAN and now we're getting cold feet.  We had planned on taking $100K equity out of our primary to purchase the rental, went with a HELOAN.   Knowing that it's a HELOAN we'd have to start paying on the loan immediately and we haven't identified a property yet.   Is $100K enough to get started in rental properties today, and is a HELOAN a recommended pathway to getting the first property?