long story short looking into doing a heloc.  

Hi,My HELOC was approved (yeah!) 

However, we did rely on the banks to let us refinance and get HELOC's to access that equity.At this point we are stuck with commercial financing where terms are only 15-20 years long.

I have a good friend that has 9 units total that we work together to check over each other's deals.I do have a question about using my current HELOC to purchase my next deal.  1.  

There are second mortgage (heloc) products available that could save you quite a bit on interest carry costs if that is a major concern. 

In fact, it might be worth it to you to get a HELOC on that investment (If you can find a lender who will do it) so that you can use that line and pay it back over and over again.When you get into rental real estate in the right manner, the more property you own the bigger possible income you can create for yourself. 

If it's cash you could use a HELOC to fund the rehab.I think it also depends on your experiance level, if the loan will be unsecured and how long you expect til the money is paid back.

That includes a HELOC on my personal residence and a HELOC on one of the investment properties.I have about $35K remaining on one of the HELOCs.  

So, latest on this one, it is actually hard to find lenders that will give you HELOC on investment property.

With a construction or hard money loan, I would think $100k would be plenty of cash to get your first one done with additional financing. some optionsTraditional lenders         smaller regional banks         203 K loans         Heloc on your home         construction loanshard money lenders - high interest loans for real estate rehabbing (see the resources tab)private lenders - friends family and associates