I would encourage to start educating yourself, and while you do that, save up a bit more cash.  

@Mason DeJarnett thanks for the words of encouragement!

@Kerry Baird said open a checking account, draw upon the Heloc and put that money into your checking account and now you are ready to wire from there, etc (tip: they often send you Heloc checks with a special introductory rate that is even lower than you were originally quoted soon after opening your account; presumably to encourage you to write a check from the Heloc account).

I am needing some encouragement and words of wisdom at the moment, cause I'm scared as hell about jumping in and going for my first deal!

Questions are encouraged, you will often hear things that go against what you believe when you are new.

It would encourage managers to place better tenants from the beginning.

I'm hoping to find a good deal on a duplex that's either already occupied or with the hopes of living in one unit and renting the other out.All advice and words of encouragement are welcomed :) I am new so please provide information in that instance!

Only thing the property manager can do is 'encourage' him to pay and be nice to him, but be a nuisance. 

I personally would encourage it, as I know it has worked out for others as well.

BUT I also want to encourage you to think about LLC w/more open eyes.I have been investing in RE for 18 years.