Generally yes a HELOC will go off your personal finances so qualifying is generally based on your income, liabilities, and credit. 

Robin Carriger is the organizer and they usually post notifications here on BP.I've posted other lists here several times and can do so again if you need it and can't find in the search function. 

To start your journey, I recommend focusing on building your network by joining meetups and engaging in online forums, while narrowing down your first investment based on your budget, market, and goals.

Also , I would love to connect with any agents who specialize in STR market in Boston Mass area. airdna is pretty accurate . lenders use it to assess rental comps for short terms rentals when financing a short term rental  I use it for DSCR loans as well; it is accurate yet conservative because it gives you the median 50 percentile for the area based on comps.

To improve your approval chances, use rental income from your first property, consider co-signers, and explore lenders that use Income-Based Repayment (IBR) for student loans.

Based on the design, I would go with sororities if possible.

Sounds like you are going with a Fannie/Freddie type loan based on the cap of 2%.  

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Based on the development expected over the next decade, I believe it's a great area to invest in. 

I'm happy to make a recommendation if you're OK with a CPA that is based in another market.