They're good to have open access to capital/cash/equity to a property ahead of time so you can execute a deal or purchase when the time comes on a split second decision (versus having to apply to a loan at that time which might take 20-45 days to get approved/closed/etc plus by that time you dont know what your future income/credit/assets will be like in order to qualify anyway).The second use is sleep at night factor and having a reserve of capital in the event an emergency event occurs in life.For these two reasons is why I use lines of credit.

@David Dachtera I watched the video link you provided to see where the slight of hand occurs. 

Not sure how much I've been harmed, YET, though apparently I was banned and marked as a spammer back in April.  

There is not an indication of underground plumbing inspection occurring in the energovweb portal.Alt seawall permit has expired and has the following hold in the portal: "Hold has been added by the IAA to ensure the expired permit cannot have any further work conducted until the expiration is extended."

Here’s what I do with my rentals:I either have tenants split the utility bills or include a clause in the lease that states if the gas or water bill exceeds a specific amount ($X), the tenant will be responsible for the overage, provided there are no leaks or other infrastructure issues contributing to the high usage.To determine this $X amount:Water: I take the highest water bill I’ve had over the past year (excluding periods where leaks occurred) and add about $15 to account for small fluctuations or potential increases.Gas: For gas, I calculate the median bill during the winter (when usage is highest) and the median bill in the summer (when usage is typically lowest).

Overall, it sounds like this whole thing stemmed from a communication or integrity issue that occurred at the loan officer level.

Hard lesson learned for me that my family isn't to be trusted ever again and that I need to severe my relationship with them completely because they have harmed me & my child emotionally & financially.  

On the $650k we financed and “wrapped” we earn the 6% differential every year - or $39,000 (declining as amortization occurs).  

One, the investment may have been one that worked well but a mostly unforeseen occurance happened, to either the economy in general or to the subject investment in particular.  

But I know over the years I have seen couples really go at it and try to really harm the other spouse it happens as well.