The first goes to foreclosure you will need to cash out the first before it goes to sale other wise you will get wiped out..

We are super cash poor but have 3properties, this may help my situation.

If you don't have free cash available that limits lots of options, but if you do, that is another story. 

Even if you get a great deal that is 20% below market, appraisers will typically be anchored by the last sale price and you may be stuck not being able to pull out as much cash as you need to pay off the HELOC.

If you don’t have a clear understanding of your cash flow, operating costs, and future expenses, you could be setting yourself up for financial stress down the road.The Power of Financial ClarityYou can’t make smart decisions without knowing the full picture of your finances.

The value of cash in hand today vs cash in hand tomorrow is significant and you should account for that for both sides of the transaction for any deal that you make. sellers going to do their best to sell their asset for max price.

If anyone tells you that you can get 15% cash-on-cash it's either a scam or ultra high risk. 

@Ko Kashiwagi My understanding is that one can still execute the BRRRR strategy and successfully cash out, but due to high interest rates, the rent may not cover the mortgage.

Where else do you have a chance of getting that sort of tax free cash when you are young.You could also renovate, refi and rent it. 

Once they're done, you can rent out the property, refinance,  and cash them out.