I am trying decide if I should move more on my HELOC or use cash.

With letter of approval in hand, we are set for our loan, but then I discovered our HELOC is actually come due and I cannot use it for this deal...SO - first I think "I'll ask the bank to open another for $60,000.  

They just wanted to sell, pay off a mortgage and a HELOC, pocket the remainder, and get on with their lives.

I know my mom got a HELOC while renting her place, and the closing agent and appraisers didn't care either.

I definitely like the idea of a HELOC and reinvesting towards another property and so on.

At least they were for me, because in one case I paid for an appraisal when buying and then the lender needed their own for the loan, an in another case I paid for a home inspection(with septic and radon)  and then the leader needed the same.I would say the process was more burdensome than getting a HELOC, but not as stressful as getting a purchase-money mortgage for your own home.

If the landlord has significant equity - a HELOC would be an option.  

There’s a lot of brain power floating around these forums and I look forward to learning from all of youRegards,John Taylor As far as I know you can't get a HELOC on a rental property, you can do cash out refinance at 75,% ltv.

There’s a lot of brain power floating around these forums and I look forward to learning from all of you HI There John,1) I doubt it, but there may be a bank out there (its possible) that will entertain a non owner occupied HELOC on an investment property with less than 680-700 fico scores.

It is also foolish to attempt to encumber (protect) your primary residence through the use of an artificial HELOC for equity-stripping.