HELOC for Down Payment on a Section 8 Property a good Idea?

[Michael Bishay]

Hello Fam! 

I got a HELOC on my primary residence for about 400k. I was thinking I can use those funds for the down payment and closing costs for turn Key properties in Ohio. Then renting them to Section 8 Tenants. I figure 25k per property can get me to about 16 SFH (Give or take).

Any opinion on this? 

[Remington Lyman]

Quote from @Michael Bishay:

Hello Fam! 

I got a HELOC on my primary residence for about 400k. I was thinking I can use those funds for the down payment and closing costs for turn Key properties in Ohio. Then renting them to Section 8 Tenants. I figure 25k per property can get me to about 16 SFH (Give or take).

Any opinion on this? 

 I think this is a good start to a plan but just take one step at a time. Maybe you mean this in the post and I am misinterpreting it. Start with one and see how it goes