You could also sell and purchase multiple less expensive assets in order to reach positive cash flow.

We have yet to buy our first property but we have multiple potential sellers... we just need to know what contracts to use in Texas and where to find them!

I would talk to a bank about wrapping them all in one loan, usually you see this with rentals where multiple properties are bundled together at a lower interest rate, talk to your local bank or Reia for references. 

I do NOT have a long term hold strategy, that is only my least best option of multiple exit strategies. 

Multiple offers on properties but no bidding wars going over asking price.

It was no surprise to myself or my client and the property had multiple offers, sold for above asking price, and at the time was the most expensive duplex in Lemiert Park.  

Do they have to get multiple partners involved to buy your property?

It's what I use for my own businesses as well as multiple real estate and construction clients.

Generally the cost of hard money will trump that little extra bit your CPA charges you... by a lot.Done this way, I've had REI with multiple properties have a negative number on line 21, but still calculated as cash flow positive because that level of detail on the tax returns (and adding back depreciation) allowed me to do so.

You could potentially use the HELOC to fund multiple down payments and use the cash flow from the new rentals to pay back off the HELOC, thus clearing up funds for more properties in the future.