It gives you a layer of separation from your tenants and makes confrontations easier and it's less likely that tenants will take advantage of you or appeal to your emotions.

This class of buyers purchase the properties for reasons other than "income" (i.e. good school districts, desirable locations, emotions, etc).In your Baltimore property example, if the "comps" support $200k, obviously you would list it at $200k.

A HELOC is a debt position (and they count the entire available amount against you) that weakens your equity position on your primary.   

Please excuse my emotion but I'm tired of constantly thinking about real estate, reading about real estate, and when and where and how I'm going to get started.

I agree with @Justin Abdilla's approach as these situations can be emotionally driven and may become legally challenging.

Without getting proper permits for plumbing, electrical, and weakening the loading structure you can get home redtagged resulting in buyer have to deal with the violation and have to pay cash for it.

Another reason we don’t want him digging up our yard.There have been other issues with this neighbor,....they are very emotional driven!

Investors tend to not spend enough to acquire their first deal, not working based on numbers and calculations, injecting emotions into your marketing instead of data, quitting too early, and just not putting in the time and effort into learning paid traffic.Now I'm guessing you don't have a large budget to work with, so if your only spending $100 a month on AdWords, don't expect a deal or even a lead for a while.

Another emotional pro of cash is that it makes people move quicker!

And, of course, it takes time and emotional energy when a tenant starts the downward cycle that ends in you needing to get possession back.