The only time I'd say it's an okay idea is if either: The area you're investing in is expecting so much appreciation that you will easily profit off that (watch out for mortgage interest though...the appreciation needs to be higher than what you pay in that and expenses to make it profitable)You have some specific reason for wanting to do it- family ties, future home, major long-term hold, etc.Maybe I'm forgetting another one, but those two are all I have for now...

The 'guy' can either move out immediately or the can both submit an application to rent the property together. 

Do one task at a time in each app to compare apples to apples.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.

We rent to plenty of S8 applicants; I've always believed the standard of care they exude is as high if not higher than "market" applicants because they'll get kicked out of the program if they don't.

I have the applicant go to website and fill out online application form for pre-qualification3.

Most owners are local and therefore “hot” money or out of area players are not yet chasing Pittsburgh assets, keeping prices favorable.References United States Census Bureauhttp://www.cmu.edu/news/stories/archives/2017/august/economic-impact-report.htmlMarcus & Millichap 2017 Multifamily Investment Forecast2017 Commercial Real Estate Trends Report by Integra Realty Resourceshttp://www.pittsburghmagazine.com/Pittsburgh-Magazine/September-2017/Staying-CMU-All-Eyes-on-Carnegie-Mellons-Future/http://www.nextpittsburgh.com/features/pittsburgh-developments-watch-2017/

If all you are doing is watching YouTube videos, you don't know as much as you think.

Promo rates can be as low as .99 for 6 - 24 months with no closing costs and if you still have this HELOC in two years refi again doing the same thing as most banks don't charge back application / appraisal / closing costs or have early prepayment penalties after the two year period anyway.

Use next 4-6 months to learn by listening, reading and watching how the real estate investment game works.

That's super helpful, and always something to keep in mind and watch out for.