If it were me, I would first opt for a HELOC, especially if there is equity in the property. 

A HELOC or Cash Out Refi both sound like good options...

However, I do have the option to use a HELOC to pull cash out faster as others have mentioned on this site.80% of ARV = $100,000$100,000 - Closing, refi, inspection - Rehab - Interest Paid - Extra Costs = Purchase Price100,000 - 10,000 - 30,000 - 1,800 - 5,000 = $53,200 (Max Purchase Price)Cash Flow Per Month = *factoring in 5% interest rateRent - Mortgage - Tax - Insurance - Vacancy(10%) - Maintenance(10%)1400 - 540 - 370 - 50 - 140 - 140 = +160 per month Any feedback on this deal and situation would be great, feel free to poke holes in it!

Why not just get a HELOC on it and use that to invest further?

Banks typically will do a HELOC up to 80% of the appraised value however, I know a lender that will do 100% HELOC on your personal residence. 

A friend of mine who, is the epitome of "more b*lls than brains", took out a HELOC and bought a rental unit. 

It will be awhile before you can get a stated income HELOC (home equity line of credit) from a traditional (bank) institution.  

I would like start flipping after this property is fully occupied so I could have it appraised and use a HELOC for my next purchase.2.

I got a HELOC on the house 5 months ago and house appraised for $205K.  

Have you considered a HELOC (home equity line of credit)Here is my story:We have a condo in boston, when we found out we were moving for promotion, we quickly got a HELOC bc it was our primary home. we NEVER DREW any money out so we had a zero balance.When we left, we put in a tenant at almost cost!