You can use it to exchange a property you’ve fully depreciated.You can use a paid off property as a downpayment towards a large property.You can use it when you start to approach your last of 10 golden ticket loans to consolidate the number of loans you have. 

Or you can consolidate and sell several and purchase one replacement. 

It says "Can be used for debt consolidation or another purpose" thats all I know at the moment.

We only have to wait to close until rehab is complete or 30 days has passed on title.Our strengths are for buy and hold, 30 year term, aggressive rates, speed of closing(20 business days), only 30 days seasoning on title, no sourcing or seasoning on funds for closing, 75% LTV on purchase or refi, close under personal or business for title, and blanket loans for 3-9 properties per loan (helps clean up borrowers bureau as we do not report to credit/ raises LTV, consolidates payments).

Yeah that might be smart to consolidate some of the fees into the rent.

I’d first Consolidate those high interest cards into a line of credit or bank/credit union loan with a fixed reasonable rate .

Or do I have to pull the funds from the CDs (set to mature in Feb07) and consolidate them with the money market account?

The purchase price and the rehab cost are consolidated (we use the LOC to pay for both) and "termed out" into a 20 year amortized loan w/ a 5 year balloon.  

This was an investment bank strategy of consolidating the other sites to create a great exit event payout leveraged by a trend that is still evolving.

I need to consolidate several rental properties located at different past assignment locations.