Has anyone here successfully used a HELOC on a buy & hold property?

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Hello BP community,

I'm exploring different financing strategies for my next investment property and am considering using a Home Equity Line of Credit (HELOC) as the down payment for a buy-and-hold property.

Has anyone here successfully used a HELOC for this purpose? I'd love to hear about your experiences, including any challenges you faced and how you managed the process. Specifically, I'm interested in learning:

-How you structured the financing (e.g., terms of the HELOC, overall investment strategy).
-Any issues or advantages you encountered with using a HELOC in this way.
-Tips for managing the HELOC and property finances effectively.

Others have advised that a HELOC only makes sense for short term use, not long term due to it's variable rate and risk of over leveraging. Hence, I plan to pay the HELOC off as aggressively as I can.

Thanks in advance for any insights you can share!