@Cerise Goldberg Bill nailed it, but I did want to emphasize how diligent you should be in using only our property bank account for anything related to the property.

Regarding your question of whether people sue for that, evidently a lot of Republicans in Congress think enough people are (or will) to emphasize removing businesses from such liability in the recently discussed legislation. 

QUESTION(S): Everything I have read on getting the best FHA loan emphasizes the importance of 'shopping around' with multiple lenders, and that makes a lot of sense to me.

They oversell the method and over emphasize the HELOC part, when in reality it is the extra principal payments that really accelerates it. 

I know that cash flow is highly emphasized on BiggerPockets but with Southern California real estate, you really need to factor in the appreciation play as part of your LTR strategy.

Emphasize your understanding of the construction process, property value-add opportunities, and your ability to execute successful projects.

Change your story each month as different stories will resonate with different people AND use each story to emphasize one of your “who do you know…” questions.

They consistently emphasize the benefits of cash purchases over leveraging through loans.

Not to say it's not rewarding, but would definitely emphasize the large the risk of such a project.

I emphasize the and because a lot of first timers do not understand the relationship between rates and costs.