So you are talking about a loan of $200K.

2nd home loan How did you add value to the deal?

Contrary to most business lending, the REI industry has a lot of "non-bank" lenders that provide attractive loans that can lower your cost of capital and improve your profit/cash flow. 

Most 1-4 unit real estate investors are using DSCR loans right now for any buy and holds while flippers lean on higher leverage bridge/fix and flip loan options with higher interest rates.

Loan pay down and depreciation.

FHA and Conventional loans will allow schooling to count as work history.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

I'm curious why you want a HELOC instead of a conventional loan in the first position.

However those with no to very limited experience will never get a fix and flip loan  from a bank. 4.

Regardless if it was for tall grass, unlicensed vehicles, leaving the trash out too long, malicious animals, failure to keep snow removed from path to mailbox etc.