However, if my intention is to use the equity from said HELOC/Home Equity Loan as a down payment on a rental, doesn't it make more sense to take a fixed rate Home Equity Loan so I am not subject to the adjustable rates of a HELOC?

Hello BP,I have a unique situation and not sure how to construct an agreement and would like some advise.I do investing in Los Angeles, my brother has a house in Long Beach that was a really bad purchase from the beginning, long story short he asked me if I can help him fix it and ultimate flip it.

Please send me some information on your Fix & Hold and Fix & Flip loan programs.Do you also do conventional home loans?

I haven't made an offer yet simply because i have no money(to buy or fix it) and not the best credit.I'm also assuming the house is by agent and I'll definitely fail their screening test.What are some ways i can acquire this property?

I would have the crew fix the roof, and doing siding while the plumbing & electrical rough in work is being done. 

I am a fix and flip and buy and hold investor. 

Fixed in under a minute. 

This will point you toward fix and flips, rentals, notes, wholesaling, etc....

I'm not going to live in them and I know my costs to fix it up.

It's a lot more efficient fixing an issue live VS emailing back and forth.