I should have used a HELOC or other financial instrument directly tied to my equity in the home to finance the repairs.

I should have used a HELOC or other financial instrument directly tied to my equity in the home to finance the repairs.

I have a land which had percolation test saying the pits observed is unsuitable for a standard type individual sewage disposal system without the addition of a curtain drain.

You have been discussing cash flow at various leverage amounts but before you buy, it is important to match the financing with the investment strategy.A HELOC really is a short-term instrument. 

So the plan will buy and rehab a property, get it rented, and then do a cash-out refinance so that the plan can then use that additional liquidity to acquire additional property.In an IRA or 401(k), any debt instrument such as a mortgage must be non-recourse, meaning no personal guarantee from you. 

An Affidavit is a legal instrument used as supportive evidence for additonal legal documents, and you don't know what those additonal instruments are. 

@Devon CornwallYou will need to find an attorney who practices corporate/securities law.Aside from the normal securities and instruments, a registered account (RSPs, RIFS, TFSAs, etc) can hold a note associated with an arms-length mortgage, though there are only a handful of trustees in the country who will still administer arms-length mortgages  {This is not to be confused with a non arms-length mortgage on your primary residence which  is also permitted ... but seldom a wise thing to do}.

And you should probably work on your math - the 50% rule is a pretty crude tool, you may need a finer instrument like the BP calculators.

Often they like to see funds in the bank before you go under contract.Keep in mind that a HELOC really is a short-term instrument. 

Technically, you can give a mortgage to secure a line of credit (i.e a HELoC), a private loan, or another type of instrument.