@Michelle SharkoAnswering questions in step by step fashion:- Is it a good thing to do or not is a personal finance decision and it depends on the person asking it, their risk tolerance which in part has to do with how this HELOC or line of credit works and how your personality fares relative to taking on new debt (a person more adverse to debt might have sufficient savings and temperament to pay down/back the debt versus a financially liberal person might get in over their skii's as).

., but we have gold wheels for cars, BIG wheels for trucks, higher tolerance wheels for off-roading, and so on...

@Lucas SchlundI agree with @Ty Coutts that it depends on your risk tolerance and financial stability. 

LPs get what they tolerate.

The primary reason is that my parents' risk tolerance is much lower than my own (they are retired and are on fixed income).

However, managing multiple LLCs can mean higher costs and administrative work (separate bank accounts, annual filings, etc.).It depends on your risk tolerance and ability to stay organized.

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.

I’ve heard from some investors that are perfectly okay with simply breaking even on rental properties in the current market, but I’ve never had the risk tolerance for that.

Let's talk about risk tolerance and how it evolves over time.

A Deflationary currency (which it certainly will be if population growth continues and no more coins are mined, and it is in fact the long-term "winner" in being widely adopted as the world's primary store of value) will not be tolerated by most.