Deciding between two HELOC options

[Dave Row]

Hi, I'm just starting out in RE investing (BRRR, specifically) and am preparing ready sources for cash. I have $125K in equity in my primary residence that I'm trying to leverage. I've narrowed down my focus to two specific options:

1. $125K line of credit:  7-yr fixed rate (4.99%), with a 2-yr draw period

2. $58K 40-yr variable rate (currently 4.99%), with a 20-yr draw period

The 40/20 is much more flexible, but can only go to 80% of LTV and I doubt that I can buy and rehab on $58K, without coupling with hard money or other sources. The 7-yr provides lots of headroom (ie. can tap the full 100% of my equity), but being new and still building and tweaking my Core 4, I'm concerned that I won't get a lot done in 2 yrs, when the draw period closes.

Any helpful thoughts out there, for getting started on the right foot?  Thx in advance!  - Dave