I have a decent risk tolerance but for some reason the HELOC seems to make me hesitate.

How much is a function of capacity and risk tolerance and availability.  

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

…no maybe I will make a profit as the house appreciates”..That might work for high tolerance risk takers in a hot market …So back to step one… DEALS COME TO ME…. sure after time and cash investedSo I am ok with paying for a whole sale paper flip….

This can help you determine the level of risk you're comfortable with and whether paying off your primary residence makes sense as a defensive measure.No one can accurately predict the future, and it's important to make investment decisions based on thorough analysis and your individual goals and risk tolerance.

It could be, it depends on a lot of factors: risk tolerance, goals, timeline, expertise, etc. 

I do exceptional service and will tolerate nothing less.

Which you prefer will depend on your risk tolerance, cash flow expectations, etc.

It all depends on what your resources are, your risk tolerance, your patience . . .

What is your risk tolerance?