I am not an investment expert, nor am I an advisor, but my decisions at this moment are planted more firmly in the expectation that the politicians will not become fiscally conservative without some sort of catastrophic monetary event forcing their hand.

One of the biggest hurdles that I have to ultimately overcome is my fear of not knowing what to do if something unexpected occurs, and this leading to catastrophic failure.  

I also have a $175,000 line of credit at the ready if something catastrophic happened.

(Shorter time if you don’t make a claim that falls in the middle.) insurance is supposed to be for catastrophic losses.

6 months payments and X amount for catastrophic repair situation?

I also have a $175,000 line of credit at the ready if something catastrophic happened.

We had 50k+ homes on the market when I was doing REOs.Baring something catastrophic, rates won't be back down for a LONG time.

Your bank will still want a personal guaranty, so you don't get off the hook for the loan by using a company, but it could save you potential catastrophic results if a tenant sues.  

CA has insane apr.I suggest going for a conventional loan or hard/soft money lending.It'll be catastrophic if you don't meet your "deadline"

A "protected tenant" is defined as a person who has resided in the premises for at least five years and either (i) is 60 years or older; (ii) is disabled under the meaning of the California Fair Employment and Housing Act; or (iii) is a catastrophically ill.