I have a property I'll have title to and close this month what are the guidelines for getting a line of credit on the property? What are the rates with good credit score and loan terms?

I did add a high maintenance percentage to cover any direct damage.As part of the town rules there needs to be an onsite property manager.  

so that I can travel, work for fun or part time, and most importantly have money to support my family if something were to happen to me.

For example starting payroll, filling W-9 for independent contractors, tax rules, bookkeeping e.t.c?

Maybe the current rules aren't the best (they assume that people with more money are more sophisticated, which may or may not be true).

As long as you have good credit and your income can support it (DTI) go to a local bank for financing.

Once I find the right deal I plan on doing it the old fashioned way; putting down 20% and getting a mortgage.I know that this community can offer a lot of support and wisdom when it comes to what I would like to do.

It sounds like you might be referring too one of the three available replacement property identification rules which allows you to identify any number of properties as long as the combined value of the identified properties does not exceed 200%. 

I haven't seen anything supporting the fact that what I want/wanted to do is illegal.

Here's also a list of numbers from those supporting with rescue efforts:( All 225 area code)Baker 778-0300Central 3761254Livingston 6863996St.Helena press o 2224413National guard3008029East BR 3892100Central gym is open for shelter 2612000 command center central With that said, are you guys faring ok?