First, favorable premium rates are given to homeowners for the inherit “pride of ownership” that comes with personally occupying a home.The second reason is that when a property is vacant, it is much more vulnerable and likely to have what the insurance world calls Vandalism and Malicious Mischief (VMM).

I am going to use this property as collateral on a line of credit (LOC) at very favorable terms (prime + 1%) the line will be for 100K and I can use it and pay it off just if I was sitting on 100K of cash in the bank!

Granted the interest is a bit higher but given that I'm planning on selling in about 18 months having the additional cash worked in my favor. 

For starters, financing terms are more favorable on owner-occupied properties.

From what I've heard and read there seems to be those who favor the conservative approach of pay off debt first and fast then buy more REI, and the opposite who just keep buying more REI, leveraging for another and taking on good debt.

I'd also like to get advice or perspective from those who have strategies to swing the odds in their favor, when negotiating a purchase.I'm a relatively small-time investor (currently 13 units). 

Between grade 4 and 12 most of my bad decisions including very bad things were from other kids in an attempt to gain favor.

Have you chosen your home state or the state you plan to invest in or another state with favorable corporate law (i.e Delaware)?

1.15 sounds pretty reasonable to me, not sure if you will find anything more favorable and there is good chance after all your expenses like vanvancy etc you'll not be cash flowing at 1.15.

The judge will rescind your partnership agreement, give judgement if favor of your partner and you will pay every penny back plus court costs and damages.I've been involved with several syndicated partnerships where I was the limited partner and every partnership failed to produce the results projected.