I see, so it really does come down to a person's specific intention.

As my intention is to be a full-time investor by the end of 2015, it appears clear to me that leveraging our acquisitions will be absolutely critical.I am not very knowledgeable on business structuring.

If you are simply setting up a single entity LLC with no intent to be taxed as a partnership or to file a tax return as the LLC then the LLC itself is a "disregarded entity".  

I did a brief search of South Carolina law for withholding rent(similar) , it looks that a 14 day notice to cure along with notice of intent to withhold rent is required.  

Again, similar to a credit card that you pull out when you see that shiny new 65" TV that you had no intention of buying and also don't have the money sitting in the account.

Thanks @Andrew Postell & @Chinmay J.My intention says alot about the mess in my head with this topic i guess -My intention in this post was to understand how exactly would one get approved for repeated mortgages when other ones are still due?

I'm following another, similarly intentioned thread, too, but that one turned super, super negative and has gotten a bit far from the original goal of the person who started it.

I purchased the property with intentions to owner occupy for a year or two.

My intention is not to debate macro market trends, but rather to discuss what constitutes a recession resistant property?

Chances are judges and juries will give them the benefit of the doubt when they are crying on the witness stand about "your greed" and the "intentional emotional damage" you have caused.