Can I get a HELOC on a property with a HAMP loan?

Line of credit (Heloc on your home, unsecured line, etc)2.

Here's the question:Use the HELOC to pay down the rental property?

What if you took a HELOC out instead of selling?

Or perhaps I should just start bugging the planning office to see what I can find out direct in the first instance...Part of our property is sloped & as such I think we'll need some engineering time in order to get the build right (and also I want to add some decking out over the slope for the main house).The numbers all look good, we should be able to finance it easily enough with a Heloc or similar so now just pondering the best way to jump in!

We'd like to tap into this equity but discovered that borrowing money when an LLC is involved produces rates that are so high it's difficult (borderline impossible) to cashflow from properties in the area.We'd like to consider taking personal loans or HELOC as the rates are much more appealing and it allows us to still tap some of our personal equity.

So, although I understand that a HELOC and/or Mortgage is considered equity stripping as your are literally pulling the equity out, as well as the "safety" of having an insurance policy, and the dilution tactic of ownership parsing throughout multiple entities. 

I think a HELOC is out of the question due to credit score, same for a lump sum reverse mortgage.. is this something a Hard Money lender would consider?

I would recommend a HELOC, Pen Fed Credit Union offers them on investment properties.

I am Having trouble calculating ROI. If I am financing with 20% Down payment do I calculate my "all in cost" of the property as the 20% or the actual purchase price of the home? Thanks in advance!