This is great information!

A bit more information.

This is helpful information for sure.

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.

When I moved the properties to an LLC, USAA informed me that they did not offer commercial insurance, so I had to move to another insurer. 

Definitely not my most helpful post haha but I am sure you will make a decision that is best for you!

We are finding conflicting information as it pertains to insurance and liability. 

Thank you in advance for your time and information!

I for one built a simple chrome extension to see if the mortgage is less than rent and accordingly provide that information on every zillow listing page.

I wrote the above for informational purposes.