Use inheritance or home equity line of credit?

[Connie Herzog]

Hi! We are doing some home renovations (master suite, windows, entry door, and all new flooring through the entire home). Do we use our inheritance to pay for it? Do we get a home equity loan to pay for it? We also want to purchase our first rental in the next several months, and we're not sure if we should do a down payment (using inheritance $$ if we do a home equity loan) and go FHA, or do a VA loan. I want to make sure we don't regret any decision we make! Thanks for any advice you can provide!