How do I finance my first rental?

[Allen Smith]

Well.....after running the numbers on this HELOC by myself, I feel like it's not enough. I owe $147,523 on our home that I purchased for $169,000 6 or 7 years ago. I did invest some money into it but it is only 1700 sqft in a neighborhood where properties rarely sell over $100 a sqft. Even if it appraised at $175,000.00 that leaves me with $27,476 in equity of which I can only draw 90% of. So that's $24,728. So estimating a $10,000 down payment on a fixer upper, that would only leave me $15,000 for repairs. That's not even figuring in closing cost and realtor fees. I'm starting to feel defeated with all of this, but I'm trying to find a way. Any help would be appreciated.