So what if the heloc amount is enough to cover 20% down on investment property and cover renovations.

I am about to close on a multi family property that currently just has 1 tenant in place. 

Let me know if I can be of assistance.   

First recognize that 2 to 4 units are valued on comps and not cap rate.  

Best of luck on the investment journey, feel free to reach out if I can be of any assistance! 

I would also caution if you are intending on a vacation rental be very cautious of the individual town restrictions.

Ramon Sloan used to be on BiggerPockets and is from Milwaukee.

If something in our market is not a good investment we pass.Hope this helps.One final point, don’t go ALL IN on your first deal.

Most people buy property and then do nothing to educate themselves on how to properly manage.

Yes, long-term rental clients sometimes don't want short-term rental next door to them, but you are the owner and landlord and set those expectations up front so it's on the table before they lease.