I've seen typical numbers of 1%-2% higher than your current rate.So whichever HELOC option you choose, please make sure you have a plan to pay it back quickly. 

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

To paint an accurate picture, here are the details. 

There is some updates that need to be taken care of like flooring and paint to get top value based on other sales in the neighborhood in the 170-175k range. 

The place smelt like smoke, has 1970s style wallpaper, needs new floors and paint, complete bathroom reno, needs new appliances, and new electrical outlets. 

Maybe in addition to painting services you could run some jobs for them. 

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

75K purchase price + 30K rehab (if you are talking about painting interior exterior, all new flooring , new kitchen and 2 new bathrooms, roof and hvac) + holding costs + closing costs = 120-125 all in? 

Of course, all of this depends on the terms of your HELOC if you choose this option.

There is some updates that need to be taken care of like flooring and paint to get top value based on other sales in the neighborhood in the 170-175k range.