New Member In Houston, Looking For Advice On Optimizing My Cash

[Danny N.]

Hi, Im new to the forum, I own alot of properties but Im not too savvy with the financial side of things real estate. I found this forum on accident stumbling around and I'd like to learn more about the various types of loans and products I could/should use from some experts. I don't know why but I just dont like talking with my banker much, Im a small business owner, so I just hate dealing with the banks it always stresses me out. Anyways here is my personal balance sheet:

Main Residence - $1.4M value paid $450k in 1996, $235k mortgage today

Vacation Home - $700k value paid $450k in 2012, $240k mortgage today

Rental Home - $65k value, paid off $900/mo rent 

Rental Home - $50k value, paid off $600/mo rent

Rental Home - $65k value, paid off $700/mo rent

Empty Residential Lot - $300k value, paid off

Cash available - $400-500k 

Net worth - $2.5M give or take aside from my business but thats separate

My income is $15,000/mo on the taxable side of things and what Im looking to do is buy more properties to rent out but with minimal cash outlay. I know mortgages are such a tedious process so Im wondering in my situation is it better to take my cash and pay off my 2 mortgages or use that to buy more rentals and if it is buy more rentals, whats the best way to borrow when you dont have a high income and you have those 2 mortgages hanging over your head? I have good credit over 800, and have 30+ years of owning my own business on my side. 

What would you do in my situation to best utilize the cash on hand and/or refinancing some of the properties I listed. Are there ways to roll all the assets into 1 loan?