Hi all, I'm just starting out here and attended a few webinars thus far. My interest lies in buy and holds so that I can rent out a multi-family unit in the near future for my first investment property. I'm trying to get the hang of crunching numbers and what to look for. I am looking at essentially using equity within my primary residence (HELOC) to purchase whatever MFU I go after. When it comes to "cash to close," do you consider the HELOC amount (say $60k or $70k as my purchase price & HELOC amount) as "cash to close?" Typically HELOC purchases are treated as cash come time to close at the title company, but it's not like I'm dipping into my savings account to purchase. I just want to ensure I'm getting my cap rate and cash on cash analysis correct. Trying to steer clear of using 25% down (from HELOC) and then finding a 1st mortgage (I'd have two mortgages on the property then) as I feel it would eat pretty quickly into my cash flow, obviously. Thanks for any assistance! Chad