SFH Cash Out Refi vs. Heloc in Tampa FL area

[Ellie T.]

Hey to the amazing BP community.  Need some help with $$$ questions.

I'm in the process of purchasing my first SFH (buy and hold) properties in Florida and curious about financing. To close fast and get better pricing I am paying cash for the properties, rehabbing them and then will rent them out (BRRR). I used my Heloc on my primary for this.

I am looking for tips regarding refinancing to buy additional properties.  Would you recommend a Cash out Refi (I'm getting quoted 4.5-5K in closing costs and 4.75%), vs. Fixed Interest Heloc (no crazy closing costs from my experience w my primary).

My questions:  

What route would you go with? Pros/cons

For Heloc, can you recommend a bank in FL that's favorable to investors?