Adding an LLC as the limited partner may in theory give you that additional layer of control, but I would not create an LLC only for that purpose.However if you already have a holding LLC setup, I would use it as it won't cost anything more and also it will help put all your real estate income in the same bucket, simplifying the consolidation of your tax return and estate planning.

So learn how to consolidate properties and use insurance if you don't sleep well

Understand all of this is likely available on the public domain but was wondering if there was possibly a consolidated resource.Additionally, is there anything specific to Dallas that an out-of-state investor may not be aware of but should be careful about?

I owned a handful of single family rentals that I sold and am selling a handful of small multi family properties there so I can consolidate my units into something bigger...say 25+ range which I've already done near me in PA.  

I have been looking into Lending Club for a few weeks.I was thinking about using this site to consolidate my consumer debt with apr ranges from 0% (temporarily) to 20% over multiple lines of credit.My credit score is Great and enough in savings to pay most off the debt but that would leave me with no emergency funds in savings.My goal is to pay off all consumer debt to save capital for real estate investments and better my chance for a second mortgageAny thoughts ???

I would rather consolidate a fragmented industry i.e.

Ive got property paid off already but even with property as collateral still debt to ratio is a problem.My question is what can i do to fix this..work off to pay the debt or consolidate?

He was looking to consolidate his portfolio into one area and gave me first dibs.

Having worked for groups that have been through a spectrum of life cycles (one off syndications through consolidation, institutional funds, non-traded REITs), there is a general immaturity in the syndication space when it comes to the finance side.  

We financed 21 of those properties, but today… 5 years after we started, we only have 7 properties still financed - although we did do a consolidation loan that merged 5 loans into a single loan at a lower interest rate.