With your Fico and down payment, all you need to do is make sure you pass the debt to income requirements. 

Don't get me started on the national debt and the amount we pay in interest each year.

So he needs to be more ITM than  the 1.25:1 ratio.With that said, to answer the question-- figure out your debt or income.

You divide that $20k by .075 and you get a boost of $260k to the valuation.Allowing you to take the property back to the bank, get a new loan with $208k of additional debt on the property, pay yourself back that investment and now you have enough cash to buy a $1M deal and use that strategy over and over while scaling exponentially.

Combined rent $1950.

Quote from @Joshua Piche: Im looking to move out this year and house hack my first property I’m 24 debt free still living with my parents .

Taking out more debt does not sound like the best option IMO.

Is any bank offering a HELOC based on the combined equity?

The combination of high costs and the after-repair value (ARV) frequently leads me to conclude that buying a new rental property is a better use of capital.

The technicals (migration rates, job growth, tax situation, debt cost, etc) to work as well.