First rental property purchase

[Adnan Khan]

Looking to finally purchase my first rental property. Looking to hold and buy. I bought my first house in April of this year and renovated it myself. I have built some equity. I was wondering if anyone can advise me on if I should take a HELOC to get me going on my next purchase for a multi unit property. Or should I hold back and save up more cash for the down payment. If I took a 40k HELOC @ 4-5%, monthly payment would be about 4-500$ a month. If would only make sense to do this if the numbers added up to pay the mortgage and my heloc monthly payment. And to be able to update the new property and refinance out the remainder of the HELOC and I guess repeat. I'm new to this numbers game. Any advice would be great. Thank you.