Personal Funds vs. HELOC to Fund a Property

[Kyle Kline]

Hello,

My question is how to decide which source of funds to use for which part of the investing process. If I have saved roughly $15-20K of my own money and have about $60K in a HELOC, which should I use first? Should I use one versus the other for a down payment? What about for rehab costs? Does it matter? I have also read that having a sizable emergency fund is vital, as well. Should I have this established before purchasing a property, or accumulate it over time after making a purchase?

I know there are a lot of questions here, so I appreciate any advice/thoughts anyone is willing to share!