You have to also consider that over 85% of people who take out a Heloc end up doing a refinance in 3 years to consolidate the Heloc into one mortgage. 

I do have a handful of clients that have ended up using multiple CPAs just due to who their partners were on different deals, and even in those cases they almost always end up consolidating to a single CPA - taxes are enough of a headache without dealing with 3 different professionals who each only have a slice of the whole picture.If you are going to regularly be investing across the country, it doesn't hurt to work with a firm that has State and Local Tax (often referred to as "SALT") internal resources, though typically this does come from larger firms with larger fees. 

Derek, so assuming I get a 300K from equity via cash-out refi and I purchase a new property in full cash with no mortgage but with enough monthly cash flow to cover the new loan amount of $494 K ($194K + $300K), wouldn't it be okay to take this consolidated approach with one loan with two cash-flowing properties covering the monthly mortgage and other expenses?

Dont' forget you can 1031 into a DST to "park" your funds if timing/consolidation is an issue, for example.I THINK you still need a Will, especially if property is across multiple states.Is your father a NYS resident? 

As your real estate empire grows, consolidating loans into one could offer better terms and streamline management.Overall, your method of buying, living, and then converting properties into rentals is a strong, scalable strategy for building wealth. 

My advice if you could build a small team with payment of 50% or some sort of percentage of your spreads as payment .8 director of your marketing campaigns it will be that employees job to buy things like the Deal Automator that makes marketing easier and more consolidated and less all over the place Carry what did Deal Automator does is take all tools you need as an REI and consolidated into one platform

HE JUST CONSOLIDATED THEM ALL ALONG WITH HIS PDF CONTRACTS (WHICH ARE ALSO ALL OVER THE INTERNET) INTO ONE CENTRALIZED AREA... 5) He ADDED MORE OF THE SMALL NUGGET VIDEOS TAKING A SIMPLE PROCESS AND BREAKING IT DOWN LITTLE BY LITTLE (NOT SO MUCH FOR UNDERSTANDING PURPOSES) BUT MORE TO MAKE PROGRAM MORE ROBUST AND EVENTFUL 6) AND USED SIMPLE JSON CODING AND SQL (LIKE ZAPIER AND GLOBIFLOW) which can be done by using WordPress quite easily and created a lease option customer data entry base (CALLING IT THE LEASE OPTION THIS AND THE LEASE OPTION THAT DATABASE) It's basically the large packaged smoke and mirrors with a little touch of value and abundance simultaneously being thrown at you that will cause you to do one of two things (which is kind of the goal)  1) You get overwhelmed instead of focused and quit, or 2) you ignore all of his "upsells" and focus on the material you have and use what he gives you to the utmost extent...

Or you could slowly consolidate the properties together to purchase a larger property.

If you're looking toward opening a self-directed solo 401(k) or already have one, and would like to consolidate the IRA money into the 401(k), you should accumulate contributions in a traditional IRA.

And I would also run a consolidated portfolio IRR on both the old property and new property together to get a true picture.If you don't like the property you have.