Hi BP Members,I currently own 10 rentals in CA (average Marketplace of around 400K, give or take). Also carry an umbrella. I am mostly with Liberty right now but also have Safeco and ASI.I see that overall I am paying...

Also some differentiate the level of protection for single member versus multi members LLC.So to keep a good outside liability protection in weak states, a usual setup is to have all these single member LLCs in different states to be owned by a holding LLC in Wyoming where not only the outside liability protection is great but also offers anonymity.Tax wise it does not create any additional burden as all the single member LLCs would be disregarded by the IRS and would be consolidated on the holding LLC return (if multi member) or its owner (if single member disregarded).

My attorney friend asked me if I have ever bought a junior lien to which my response was no, but I would definitely be interested.My goal would be to buy both the junior and primary liens and re-arrange the financing so that it was all consolidated into one payment at a lower interest rate to me, in which then I would sell the note to a lender or help her refi out of the loan payment to myself into a loan payment to another lender.My questions for anyone (preferably if there is an attorney out there with experience in this space) are:1.

The industry will consolidate massively over the next 10 years and there's opportunity to be a part of that consolidation. 

Or you could try for a twofer - Sell FL and 1031 into a property in CA so you consolidate your portfolio. 

I'm also hearing lots of different opinions on cash-flow vs net worth (i.e. buy cash flowing properties VS buy for appreciation & then consolidate to a MFH later, etc). 

This is really the only option we have at the moment, we have a large HELOC out that we used to consolidate student loans and we do not have extra cash for a 20% down payment.

State bond may help consolidate the school loans in a smaller payment then do the loan for the property.

I would not start anything until that 100k of debt is reduced greatly.If your debt is high interest, maybe look at a debt consolidation plan.Need to brainstorm what jobs you would be comfortable with and work at getting started on those.

Which I guess in 10 years wont be that big of a difference...As I stated above, I'm leaning towards option 1 because it will consolidate all of my personal finances and allow for much more cash flow initially.