Using a HELOC  is a great idea as it is essentially a cash purchase.

I did recently purchase a home to start our family in, however I would like to look for an investment property.

It is not cheap to purchase quality cleaning products  In addition, to properly clean, it takes time and alot of elbow greass.

Purchase price: $299,990 Cash invested: $25,000 Sale price: $360,000 First Property - Buy Hold and Sell

I recently purchased my first property that I plan to BRRRR, and had used a homestyle renovation loan which allowed me to use a bank for the mortgage and rehab.

Ammendment - due to a precedent set of a father buying his daughter a pony, a man shall refer to a prius solely in the context of purchasing it for a mother, wife, daughter, sister.

I've purchased an old house (built in 1937) in August 2021.

The property I will be purchasing is a condo with a HOA that has a 1 month minimum rental period.

Is the property being delivered vacant in the purchase contract ? 

I am not sure about Newport News but in my market, you'll need 5-10% of the purchase price to get the deal in contract.Without a contract or a Real Estate license in VA, it could be a waste of your time to go out looking for a buyer.