There are pros and cons either way, so it's really up to you!

Who has thoughts on pros and cons for me and him?

There are pros and cons with every surface material (cost, durability, etc.).

Pros:  About 2 extra days more with family, perhaps tenants will be more on their toes, I can catch & address problems faster Let's hear thoughts & opinion.

PROS- HELOC is at 2.49%, where the investment loan is at 4.25%CONS- ties up resources (if something else comes along)- possibility of tax implications (harder to claim interest as expense) - actually tax write off will likely vanish completely.- more income from investment property would get added to our annual income base each year.- in today's climate LLC loans are harder to access (albeit this may be one-three years out)----Update ~ hit a wrong key and this post saved.

Pros and cons of using all equity?

As you said there are pros and cons.

But one suggested creating an LLP as the "holding company" instead, (with me and hubs as a single limited partner, and an LLC we create as a 1% general partner).I'm wondering if anyone in PA is familiar with a structure like the LLP suggestion, and what might be the pros/cons of going that route?

Point is, when it comes to deciding whether or not to use a property manager, there’s a multitude of pros and cons on both sides of that argument.

Pros and cons to both.With all love and respect, part time agents are what gives our profession a bad name and why low cost fee based brokerages are getting traction with things like "why pay 6% to sell your home when you can have our guy push paper for $1,500?".