The only disadvantage is that you would pay the HELOC payment to buy time to see what happens. 

California is challenging because of high prices and landlord-tenant laws but buying out of state brings about a different set of challenges - being 2000 miles away puts me at a disadvantage.

Each has its benefits and disadvantages and people can debate one is better than the other.

Quoting two books isn't going to change my mind on that.The one disadvantage of a PUP is you become more likely to be sued, since the lawyer will see that it can be worth suing because there is money to be had through your policy. 

Feel free to connect to discuss all the advantages/disadvantages!

Advantages/disadvantages about a longer-term lease in this situation?

Seeking stable, long-term housing can lead to longer tenancies and lower turnover costs, which is what many Section 8 renters are after.There are, however, disadvantages to take into account.

With owning the condo, you will have some disadvantages that don't come along with owning a duplex.

After you pay a lawyer to fight the lawyer they get for free as the poor disadvantaged renter.  

It turns out that coordinating engineers, marketing and sales to launch a software product is not crazy different from coordinating vendors and subs to "launch" a construction project.I will disagree with everyone who says that hiring subs yourself puts you at a pricing disadvantage vs. prices GCs get.