I'm thinking this could be an advantageous move, because of the HELOC being a revolving line of credit.  

Cam

HI Geordy,As long as your HELOC is secured (which it should be against a property/real estate) your utilization on this type of revolving account doesnt affect your fico scores similar to an unsecured revolving account (credit cards & signature lines or loans).Your concern is no more.However, on the very off chance  some lenders, banks, and credit unions might make a mistake and forget to attach the HELOC to the property or fail to report it to the bureaus as such.

Talk  to a few local banks, See of any are interested in giving you a 3x or 4x revolving line of credit based off your cash on hand. 

Normally banks like to see this revolving (being used and then paid back) within a year so this is probably not a good idea to get a buy and property with. 

But, if you really want to build a cash flow machine, you could set up a acquisition and rehab revolving line of credit that is based on 5X your liquidity which includes your heloc, checking, savings and retirement accounts.

If you want to flip to build up a pile of cash for buy/hold rentals, I would get a revolving credit line on my rental.

The banks like to see a revolving line as well, not just milk the HELOC b/c it's good at the moment and better interest rate than long term fin. 

If you are doing 1-2 -3 deals per year ok, but if really want to grow at a reasonable fast pace you should consider leveraging these funds 5X and get a revolving acquisition and rehab  line of credit?

Most of our day-to-day work revolves around current market conditions but our software may have the capability to show changes over time - let me know if you'd be interested in me finding out more.