Was he really involved in your deals?

Multiple new accounts with almost 0 posts are saying they are good....RUN 

@Andrew Watson I have a similar setup - One series LLC to One bank account.

Ourcurrent approach involves identifying possible contact information for thelisted owners and calling multiple numbers, but this process is time-consumingand yields limited results.

Main goal of All In One heloc or 1st Lien Position Heloc:  Lower your daily average balance.Main Drawback: Rates are substantially higher than 60% of current 1st mortgage balances.If you are mostly living paycheck to paycheck and your money leaves your account as soon as it comes in to pay bills, this is not for you. 

We hope to create a win-win-win scenario for all involved and it's always a learning lesson when that doesn't happen. 

From what Ive read, it looks like I may have to get a business certificate to do this in SF but Im not sure what that entails or what else is involved?

Do you want government involved to OFF morris?

I am not sure what type of real estate investing you're considering, but it sounds like, with your family and busy job, you won't have a lot of time to be hands-on or personally involved. 

If you are on cash accounting, yes you could do that.On the other hand, you are ignoring carry-forward losses.