So essentially, i am "borrowing" the heloc money from that first house, then using that heloc money as a downpayment for the second house, but i need to pay bacl that heloc money (with interest).So i think it would only make sense to use heloc, like you said, if i know that next property would cash flow enough to cover that heloc payment i took out?

you won't be getting much yield though now that the fed essentially slashed rates to 0

Indy is in a mandatory shutdown but real estate is deemed an essential business so it is business "sort of" as usual. 

We want to sincerely thank those who are working hard within the essential services of our community and to all others who are staying home to help avoid the spread. 

Without providing the essentials, water, hot water, heat, etc. you’re eliminating (or at least reducing) your ability to evict.

The could essentially negate all cash flow for tax purposes.

They didn’t have to but according to those words they essentially gifted you their money.

I plan to do just the essentials (about $2,000) to build a business foundation, but was curious as to how much exposure that would get me to the rest of the Rents community.

Essentially it is up to you to do your due diligence and look for new markets to invest in that make sense to you.

Think E*Trade but with different paperwork so as to be able to document the individual transactions that occur off-exchange in alternative assets like real estate.