I would imagine each asset class is underwritten as if stand-alone (potentially using a 2-3 year average on NOI on the RV due to wide swings in occupancy month to month, etc.) then mashed into one consolidated NOI for value and DSCR calcs.

We are about to dissolve our 3 LLCs and form a Series LLC to put each house into individual Sub-series to maintain asset liability separation, have one consolidated tax return for the rentals, and only have to deal with one annual LLC fee...but we're wondering more and more if an increase in umbrella insurance is all we would need.

I am looking to access the equity in the rental for debt consolidation and capital for future investments.

Fall '22' I forecasted a market Consolidation Event over winter '22'/'23', with median home prices stepping back 7-14% on national average, with localized market specific deviations ranging as high as +/- 30%, market specific dependent.  

@Paul Doty check out OR Consolidated CU.

Those markets just went through epic growth, now stepping into consolidation.

Then, one day when rain is out of the forecast (retirement, sale, consolidating your assets into something bigger) then you throw a big party. 

Create a summary sheet that consolidates your data into monthly reports.

I would like to use some of the heloc to consolidate my debts which is about 50k or so.

Do a series of consolidation exchanges into your NNN property or properties.