Should I use a Heloc from my first rental to buy another rental?

[Hung Dao]

So I finally bought my first rental! Well I bought a new house and rented out my first one. The second house I bought I want to move out in a year I’m currently fixing up and I know I can make at least 1k net after mortgage and taxes! The question is I don’t have a reserve but have about 60k in equity in my first property I want to use a Heloc and buy one more place where I will hopefully settle in and get a good amount of cash flow from my first two properties has anyone had a good experience on buying a rental with a Heloc? Pros and cons please