HELOC’s are a wonderful tool and I use 4 of them regularly, but like Ryan said you’d need to be confident in your rehabbing skills and process or you could become homeless if things go badly.  

Some GI bill people do that, some students, some who just sold their home.     Less

But wasn't the case, guest was homeless person, a strange person too.

Even though she is basically the fairy-tale wicked stepmother, we don't want to see her homeless.

Turned out not to be the case, it was actually booked by a lawyer who advocates for homeless people, and guest was a mess, and made a mess and broke stuff etc... 

She said that she would have nowhere to go and I believe in Ohio that prevents me from evicting due to current covid laws because eviction would cause homelessness. 

We donated a house to homeless veterans this year.Remember your ‘why’, BiggerPockets!

Because of REI, we donated a house to homeless veterans this year.Remember your ‘why’.

And would she short sell the house and be homeless, or pay what rent will cost her, instead of just living there and not paying the payment. 

I have, but we just bought our home less than 6 months ago, so I don't have enough in it.