Even if you aren't going to borrow as much as you possibly can against all your properties, you want consolidate your financing in the fewest number of properties.In my experience, refinancing only makes sense if you can borrow against the ARV rather than the purchase price plus the renovation cost.

@Bryan Hancock I am currently working with Consolidated Telecommunication Services.

Borrower had done a debt consolidation loan with Citi secured as a second on the property.

Something that would get my attention is a lending firm that would offer a low, fixed interest loan to an investor backed by property without having to go through as many of the hurdles one would have to go through when dealing with a traditional institution.Right now I would like to consolidate about 68k in high interest debt using property as collateral but I don't have the 15-20k in reserves needed to qualify for a HELOC or cash out refinance with a traditional institution.

I don't like the lack of consolidation of the P/L.

@Joseph Norman- I realize that I replied to you on both of my forum posts, so feel free to reply to either one and we can consolidate our conversation@Sam Frank- You're making good points.

I use excel and consolidate all income and expenses for each property (I add my mortgage payments and other landlord expenses) and make sure that my cash accounts reconcile for all my holdings (if there is a problem I call the manager and we try and figure things out).I use this excel for two things:Tracking my properties performance - mainly cash flow, cash balance, NOI and just to make sure the PM is on top of everything.I use this to input the data into QuickBooks (I do this manually).My CPA is very expensive for Bookkeeping purposes.

Consolidation exchanges are common and can be a very powerful tool but the requirements must be understood thoroughly.  

Supposedly the estimated consolidated rent would about $8100/mo.  

What I believe initiated our paradigm shift was when we consolidated our homes with a local portfolio lender, completely separating our investments form our personal life.