His exact words were, "I mean, it's not like home prices are going down any time soon."

Quote from @Simon Ashbaugh: Hey Nahon, it really comes down to what you're aiming for.

Should i use part of a home equity loan to put a down payment on another house to rent out? 

Technically, if you put 50-75% down almost anything would cash flow but then you would be cash in heavy.

Personally, I started in a market close to me as I wanted to do rentals so until I got my process down, I didn't want to venture too far from home.

my thought is states are really cracking down on this  Look what SC did..

So it already has to be a REALLY good deal.Best I’m using for my clients right now is a 90/100/75 program up to 92.5% LTC that can float down to 10.24-10.49% for 12 months, interest on drawn funds only, at 2-3% origination.

How much down payment do I need to borrow how much?

You’re laying down the groundwork, making connections, learning the market, and generating capital.

I’m not here to yell you not to do it but I’d spend a good 80 hours obsessing on this forum and reading books like @Brandon Turner no and low money down before you take the plunge in to Brian Page.