Calculating Cash Flow

[Patrick C.]

Hello:

I am new to this forum and also to the real estate investing. I currently have 2 properties that I am renting out and started to really think about what I have learned so far.

In calculating cash flow for one of my properties, I wasn't sure if I did it correctly.  If I took out a line of equity to pay for my student loans for this property, will this be considered as mortgage/expense for this property?

If so, I may have to rethink my strategy because I am negative on my cash flow.  I am actually paying more than the monthly payment to pay it off faster.  Thanks for your help.