Financing First Rental Investment

[David Napier]

I'm trying to decide the best way to finance our first real estate investment. Looking to buy a SFH in the $250,000-$300,000 range. We have excellent credit, $30,000 in cash and our currant home has about $400,000 in equity. Can't decide if we should refi our home and pay for the rental in full, or get a conventional loan on rental and put down our cash plus take some money out of our home in a HELOC or equity loan???

Any help with this would be appreciated! 

Thanks