BRRRR with HELOC question

[Phil T.]

I'm in the process of getting a HELOC to use towards purchasing a rental. I plan on buying the rental with the money from the HELOC, then probably doing a BRRRR on it. Should I be concerned about doing the refinance portion of a deal like this? I'm not sure if a bank would count the money on my HELOC as "debt" and say that my debt to income ratio was too high to qualify for a refi since I wouldn't be able to show much rental income on the property yet. I might be overthinking it, but will someone let me know if I am? Thanks!