Cupcake shops sprung up everywhere, the Food Network started their show, Cupcake Wars in 2009 (still on) and then.... a few years later industry consolidation after the run-up.

This would consolidate your debt into a single mortgage with better terms.

Good stuff - I will be interested especially in the Short Term Rental space - the constantly predicted "AirBnBust" these last two years has simply not materialized (mostly due to the fact that most of these borrowers are locked in at 30-year fixed low rate debt from '20 or '21.)Lot of people caught up in the hype (amateurs) maybe will look to "get out" in 2023 with a somewhat drop in rates and stableish prices - lots of professional STR investors on the sidelines ready to come in - could be a robust market again as the march toward consolidation/institutionalization of STRs continues

We should consolidate but where?

It kind of depends on what your goals are, but you may be able to start consolidating your properties a little more with like-kind exchanges and/or purchasing larger properties where you could do cost-segregations on.

When we reached our limit there we actually did a consolidation loan with a commercial DSCR loan where we paid off 5 Fannie Mae loans with a portfolio lender which opened up 5 more Fannie Mae slots for us.  

And when hit certain pre-determined portfolio size, we flip strategy over to consolidation and start pouring profit's into the actual LT hold properties.

Her Mom is attempting to take out a home equity loan on this property to consolidate credit card debt.

We updated the unit cosmetically through paint and furnishings, as well as consolidated the kitchen and added more living room space.

Consolidated corporate entity with standard departments, balance sheet, etc.While each syndicators motives are different, I would say the first reason is most syndications simply don't have the tenure to even begin to look at institutional investors.