(Rates are more favorable if you can consider the property a primary residence.)  

If the property is a foreclosure being sold "as is" conventional financing is not an option unless its going to be a primary home.

However, most lenders will only allow HELOCs up to 70% LTV on investment properties (as opposed to 90-95% on primary residences), and the rates aren't as attractive, whereas you can get 30-yr fixed loans up to 80% LTV on investment properties.Curious why you are going for HELOCs as opposed to fixed mortgages? 

Or, are you buying a primary home for yourself because you are relocating? 

It just suddenly dawned upon me that I hadn't quite taken the opportunity to look back on 2019 as a whole and simply digest everything that happened - definitely a B-LU-RRRR (see what I did there).For the majority of the year my "day job" encompassed managing a 15 agent brokerage focused mainly on assisting others with buying and selling their primary residence, before eventually switching brokerages and starting a new team at my current brokerage.

I used hard money to cover purchase and rehab and I used a HELOC on my primary to fund the down payment and monthly payments.

I’m looking for advice in the fact that I don’t currently own my own primary residence.

Got a HELOC on our primary and used those funds to help buy a few more SFR.

I live in NC now and primary invest in Fayetteville.

I am the SF Bay Area and I sold my primary residence with the goal of using that equity for two things: become debt-free (check) and have something with which to start BRRRRing long distance.