An alternative could be putting all your properties under one LLC to start, then reassessing as your portfolio grows.

I went from a W2 job to building a portfolio of 500+ units over the last 5 years by starting small and scaling smart.

You’re going to get a lower selling price for occupied properties just as you will get an even lower price for selling a portfolio of homes.

We also have a second STR that runs smoothly, so this one feels like more effort than it's worth right now.I don’t want to sell since it’s a great property in a good area and fits well in our long-term portfolio.

One question that always comes up is: "how difficult or easy is it to place properties into and out of the portfolio".Mike

It gives your portfolio exposure to real estate, without any active responsibilities. 

First off, congrats on building such a solid portfolio!

Direct lenders are great for portfolio style loans, investors that do significant transactions and have a banking relationship. 

They have a brand they're trying to keep consistent over the entire portfolio.

Unless an investor uses a non-recourse loan the liability remains with the owner personally vs in the DST and invested into other large stock exchange companies which have the liability.6) Convert an illiquid asset, like a business, primary home, art, collectibles or commercial real estate, into a diversified portfolio of liquid investments.