Not to say they are inherently bad, this is just human nature.

It is designed using reverse engineering from your specific financial goals, backwards through a series of connected pre-requisites (like college classes leading to a degree), which are also financial in nature, that startw with the financial position you are in at the time you start executing the plan.All three of these knowledge bases must work as one. 

I would recommend RE Express or CA prep agent schools, they have FB groups to help with studying and things of that nature as well!

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

Luckily, the neighborhood I moved to was just about take off and through "natural appreciation" and force appreciation - the house has increased by about 350% (about half of that was forced appreciation).

One natural disaster and your property is destroyed.

As for the nature of the business, it would be primarily focused on rentals in lower-income areas.I recognize that a benefit corporation is likely too impractical in this scenario but I would still greatly appreciate input. 

Given the nature of these loans, however, there are always hassles. 

Taking it on at full value would still leave a margin for possible profit but it is obviously much smaller and i am naturally paranoid so when is a small margin too small?

The flexible nature of the HELOC is something you will pay for.