Accounting question for HELOC

[Paul C.]

Hi, I use Tenant Cloud for all my properties and accounting and have a question about how I should allocate payments towards a HELOC. I have a HELOC on one property and used that money to put a down payment and renovate a duplex I purchased. I make payments towards the HELOC from the rent that I receive from my duplex. Should I be recording these payments like it is a loan against the duplex since that is what I used the money for or should I record them against the first property on which the HELOC was taken out? Or should I record them at all since most of the HELOC was used for capital improvements that I am depreciating over time?