A HELOC could help temporarily if you plan to payoff the balance quickly and are planning to save on monthly payments in the short term.  

Or like your plan use it all as a down payment on a much larger property.  4.

How much are you short for the down payment?

Think about it, if you are buying something at a 5% cap rate, but interest rates are 6%, the debt payment exceeds the income.

The outcome was great.. they secured a mid-century home with a rental unit that offered both a comfortable living space and a reliable income stream.On a personal note, a friend of mine made a bold move and purchased in a slightly less popular area.

I turn to them to list the rental, which just means another form of payment for them. 

During your initial walkthrough, inspect the property for any major issues such as structural damage, roofing problems, plumbing, and electrical concerns, while documenting all cosmetic and functional issues with detailed photos and notes.Once you confirm the property’s potential, finalize your ARV and calculate the repair costs using either a reliable estimator or insights from contractors.

Mentorship starts with relationships, not strangers on the interwebs.Coach Carson is a very reliable resource for building a small, powerful portfolio. 

What is the repayment schedule (monthly interest-only, balloon payment, etc.)?

Lenders typically look at the rental income of the property to determine if it covers the loan payments.