If you don't have them, one "just in case" HVAC system can cause renter strife, mortgage lates, credit hurt, and a roof could just bankrupt you.

But my worst fear is leveraging my debt well, having a lot of liquid assets, but the market collapsing and the bank bankrupting my LLC and taking my home. 

I've been wanting to do "something" in REI for 25+ years now, starting with buying the old Dave Del Dotto system back in '89, working with an investor in 1999 who eventually went bankrupt, and for the last year or so doing legwork (driving for dollars, researching properties, etc.) for another local investor.I always get held up with the money part of it. 

If they hadn't they would go bankrupt without cash flow.

It seems Rich Dad, Bankrupt Dad provides motivation to some and truly helped them in other ways.

The buyers found financing companies willing to finance them without credit checks (companies clearly looking to go bankrupt and have layoffs!). 

I received a phone call from a sweet old lady who for selfless family reasons left her home behind and moved a whole state away.  In order to take care of her grandson she needed to stop paying on her home in order to...

Most seller financed note holders are doing servicing, when they probably shouldn't be, but they try to save a dime.The difference between an entity and an individual is that the individual is exposed to more life occurrences, death, divorce, incapacitation they become ill, go to a nursing home, go nuts, bankrupt, get sued, they have other financial obligations they must meet, their prize dog needs surgery, as Jay mentioned, the grandchild needs a good attorney for a drug charge.

When you're talking about an area where rents can go from $1,200 a month to over $2,500, that's a huge hit that can bankrupt a lot of newer landlords and take a very long time to recover from.I think you have the unique opportunity to make your mark in an area that your family already invests in. 

It's possible my 10k may be lost if I don't buy the house because it's a loan to this investor's entity that's probably near bankrupt.