Consolidate the CC debts and perhaps you and he might do a few RE deals for additional income.

One important point that you will want to follow with your CPA is that the new cash/debt is probably an addition to your basis in that property and as such adds to your depreciable allowance.If you don't want to add cash to a purchase you may want to consider selling two or more of your properties and doing a "consolidation exchange" into one property of greater value.

Should I consolidate assets into a different real estate investment to streamline incoming revenue?  

We call it consolidating, and it is done all the time.  

Anyways, I heard from my teacher that his business is slow so hes consolidating all his inventory to one location.

This type of financing is usually offered to help kickstart homeownership and the maintenance of a secure livelihood for our veterans, including the ability to cash out and consolidate private debt.

The 1031 Exchange can be used to consolidate, diversify or reposition your real estate portfolio in order to meet your goals and objectives.

I already have a $50,000 HELOC, which I used to consolidate some consumer debt, so it's pretty utilized, but I know once it frees up, I'll be able to use that.  

When it comes down to it, if you're house hacking (and assuming your family is ok with it), it's a great way to start with a multi-family since you're consolidating expenses while having more rental income. 

If you are able to save a decent amount, I would consider consolidating the credit card debt to a lower interest personal loan.