Need Insight With This Scenario

[John Te]

Hello all! My mother's house is paid off, she will be retiring in her home country of the Philippines. We want to rent out the house. Do we take equity out of the house to renovate the house? I was also thinking of taking the equity and buying rental property. So after the renovations are done, the monthly rent would pay for the equity line of credit. Is this optimal? What would you do in this scenario?