Heloc used for a Brrrr deal

[David Arehart]

Very new to real estate investing and currently in the process of educating myself right now through BP. Just had a quick question on the Brrrr process when using a Heloc to fund the down payment and rehab costs. When analyzing the deal should I include the cost of monthly payments for the Heloc towards the expenses portion? I assume yes but want to make sure I understand this process.