I'll research anything new that comes up as a result of this discussion and will consolidate my thoughts to present to my relatives. 

The key to doing a "consolidation exchange" like this is to follow one of three tracks.Either1.

I wonder your thoughts on debt consolidation through a trustee, or if anyone on here knows or has done different strategies to free up credit debt specifically.

Your typical 85% LTV Cash Out FHA refi is/was the habitual debt addicts, the folks who rack up $30k in credit card debt, and every few years consolidate it into an FHA cash out refi, a lifestyle choice predicated on assumptions about real estate appreciation continuing forever.

Your typical 85% LTV Cash Out FHA refi is/was the habitual debt addicts, the folks who rack up $30k in credit card debt, and every few years consolidate it into an FHA cash out refi, a lifestyle choice predicated on assumptions about real estate appreciation continuing forever.

Sell and consolidate to one larger asset that provides scale.  

@Grace DonahueYou may be eligible for the Consolidated Omnibus Budget Reconciliation Act (COBRA). 

Also one easy to read consolidated tax form at the end of the year.Ease, consolidation and investment choices keep me in a Vanguard or Fidelity vs chasing one-off savings accts. 

Or you take the equity and 1031 exchange it into a consolidated larger multi family.  

The consolidated list from the article (full citation: https://finance.yahoo.com/news/8-reasons-why-owners-sell-173513089.html)Reasons to sell your investment property.-- There are tax code advantages.-- Loan terms may be ending.-- Market conditions are strong.-- Other real estate sectors look cheap.-- Building has reached full depreciation.-- Taxes may be increasing.-- Rental income is stagnant.-- Long-term tenants leave.