Leveraging HELOC similar as BRRRR method?

[Michael Vincent]

Had a question on utilizing equity in my Primary residence for 20% DP on another investment property. I am partial to something more move-in ready, or even new and then potentially refinancing the property in the near future (if this feasible), in turn paying off the HELOC to open up for next opportunity. Am I off base thinking this would similar to BRRRR method in that I am not necessary buying fixer upper under market for value-add. However, I would be, for most, not going out of pocket by leveraging my equity? Would it just make sense to not refinance new property at all, and just pay off my HELOC asap? Not sure how this would impact DTI, credit etc, if I ended up paying with bigger loan, and additional closing costs from the refi, as opposed to just worked hard to pay off heloc right after the purchase? Thanks for any feedback.