Also any recommendations on a bank to do this with that offers good rates, will borrow above 80%LTV, and will cover the appraisal.

I will be taking a 4 day boot camp that covers the entire process in Feb with the same guy that did the single day work shop.

At a minimum. the investor needs to cover all monthly, debt service, taxes, management fees, expensive, and reserves out of the monthly rental income.

Your rents should always cover your cost or at least break even.

It got to the point where the property's income covered the operating expenses, but not the debt service.  

I have been doing a whole lot of studying but I would like to hang around an investor who is OK with me asking a lot of questions, with whom I can be doing business with in the long term because wholesaling is not the only thing I want to cover in real estate.

@Bob Bowling is accurate. 

If this has already been covered, please forgive me and send me to the right area.Thank you!

I guess I don't see the value in using the heloc for the 75-80% that would be covered in a traditional mortgage unless I'm getting a better rate (unless there is and I just don't know it), so my thought was using the heloc for the downpayment portion.

Basically just looking for opinions.Is $17,000 going to be sufficient to cover my ***.