Is your $15k even enough of an emergency fund for you personally?  

Personally, I love working with distressed properties, especially foreclosures.

I would never own rental properties in my personal name.

Many banks limit personal loan amounts.

By no means am I suggesting the funds should not be held correctly but there are other areas a landlord should focus their attention if they are concerned about tenant related liability. 

Buffalo, New York, has once again been named the nation’s hottest housing market for 2025, marking the first time a city has held this title in consecutive years.

Your personal loan has a 5 year balloon period.  

Quote from @Irina Badal: I heard for anonymity purpose it’s advisable to set up a personal residence trust.

When your LLC takes a loan, expect as members to personally guarantee the debt.

I was suggesting that if you wanted to do a 1031 of a property held in a LLC, they would be forced to also do the 1031 exchange.