A good way to go would be to do either a cashout refi or HELOC on your primary if you're wanting to use the equity in your current property as a down payment.

This refi will definitely increase my mortgage payments but it will also absorb a HELOC which will put a stop to I/O payments.

Either continue saving for the next down payment or use a HELOC on the primary residence to purchase the next one.

It's hard to have to tell someone that the reason they don't qualify for an investment property is because their Debt to Income ratio is too high because they borrowed $50,000 for Investor Education.One loan that can keep payments low is a HELOC piggyback loan.  

Buying with cash or with a HELOC is the same in this scenario. 

@Steven Westlake looking at all our options at the moment , in process of getting a heloc to start either SFH or Brrrr..

When asked by banks  what the heloc is for -  is it ok to note other/ cash for investments ?  

(HELOC, etc.)

Was considering doing a HELOC or cash out refi to move on to my next property.Any credit unions or lenders with good rate that anyone can suggest in south florida?

Hey Travis, I purchased with a HELOC and will be refinancing once my Reno is complete.