Hard Money Lender. What next? Can I get a Home equity LOC after

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Hi. I'm looking at purchasing a property for 65K using HML. This will be my first time and was wondering once I get the loan and get a renter into the home, can I turn around and get a home equity line of credit? How hard is it? What other means would you recommend to get this property. It will rent for approximately $750 a month. Taxes are $880/yr and the only thing I need to do is add a railing to the basement.