Purchase strategy on SFR

[Henri Parker]

Purchasing home from father-n-law

Purchase price $35,000

Estimated rehab cost - $50k

ARV - $135k

Estimated rent - $1300 month

Seller willing to take $20k at time of purchase and then the remaining $15 in 6 months

Credit - great

Question - I have the cash to buy and rehab the home, would like to hear some different strategies for buying and covering rehab costs based on the assumption that I plan on keeping the house as a rental for cash flow. I'm a new investor. After I purchase the house should I apply for a HELOC to cover the rehab cost? Then after the home is renovated and rented apply for a cash out refinance to get my cash injection out of the home? Any other recommendations that may limit my cash injection into this deal?