Using a HELOC to pay cash for Fixer, Buy and Holds then Refinancing.

[John Levora]

Using a HELOC (on my paid off home) to buy Houses to rent, that need work Then repairing them and placing a mortgage on those houses. This seems like a good plan in order to be able to offer "cash" for deal. Anyone doing it this way. Should I have to pay for the appraisal to get a home equity or did your lender cover it? Is there better options that I am over looking? Thanks everyone!