If you have a lower risk tolerance then borrow less so that you don't feel as uncomfortable.With your cash flow goals, it will take a very long time to reach that level without leverage.

So how much can they lose that doesn’t cause: kids can’t go to college, have to sell their house, no more dinners out, etc Determine their failure level or risk tolerance 5.

It is two different strategies, different risk tolerance and different type of investors. 

All depends on your tolerance for risk and how fast you want to grow.

How many properties you put in an LLC is up to you and your risk tolerance.   

That would be ideal and in the real world things sometimes take longer, but what you describe would be more than I would tolerate. 

Deciding if the high leverage is appropriate depends on the deal and your tolerance for risk. 

Some of them are responsible adults and will do everything to the letter of the agreement, and some of them will behave like children and test, challenge, and play you every step of the way.Some of what I say next depends on your market and your tolerance for shenanigans.

I would decide based on your risk tolerance how much equity you want to have and be firm on your criteria...otherwise, you can basically BRRRR without having to wait a seasoning period and really accelerate your investing!

You can see how this starts to become hard to answer because it's more like a choose your own adventure book, but we aren't sure which adventure you are trying to have, what your risk tolerances are, or what your goal for a property might be.If you acquired a property with a loan of any sort, at that point it becomes a rate and term refinance, so the lenders are likely going to be more able to get 75% of the LTV, so possibly having a mortgage on the property to have this rate and term option be a possibility is worth it for you.