This is great to increase your credit line, but they will want equal collateral if you go to sell a property that has been collateralized for your LOC.I really like LOC's because the points and fees on mortgages really start to add up, especially if you aren't in the properties long term. 

This doesn't mean you aren't getting tax benefits.

@Alex Uman I know what you mean, it's like the gap between people / firms using data and the ones who aren't is still huge. 

Another lesson, don't let people move in for a company without authority.

The multifamily properties are great if you want to house hack but tend to cost more up front so if you aren't living in them, at least if your investing in most areas of So Cal, you'll need a fairly large downpayment to snatch one of those up.  

I think that can cause confusion because it leads people to believe we are all talking about the same thing, when we really aren’t. 

Condos are easy in my opinion.I'd say you aren't wrong in your line of thinking at all - Paying cash and getting cash flow right away is extremely less risky and could be the right move depending on your situation and risk tolerance.I think what most of us who commented above are thinking - is that one of the best things about real estate is being able to leverage OPM (other peoples money) and in this case, we are talking about leveraging the bank's money (and yours). 

You can also choose whehter they are an authorized occupant or true tenant. 

A lot of newbies aren't aware of this and can get into trouble.

Your financials may be able to offset a lower than acceptable DSR (property needs rents raised), but that depends on the lender.3) Can't help4) Ownership percentage, who is managing member and thus has authority to make decisions and sign for LLC, what happens if a partner can't make capital call, etc all usually pretty standard.