Thanks  Don't just solely base your decision on the rate and terms.

There are legal reasons for all of these decisions.

I’m a home inspector and Field Services Director at Pro-Spect Jax in Florida, where I help homebuyers make informed decisions about their investments.

How may properties are held in each LLC is a decision with yourself and the attorney.

@Jackie LinThat’s a big decision, and with your experience in California rentals, you’re in a great position to weigh the options.

Has anyone thought about this before, and came to a decision?

In our multifamily ventures, we’ve noticed most buyers we work with don't act on emotion & are quick decision-makers; When a deal makes sense, they move fast. 

The funds are insured, and you can withdraw them at any time.Real estate investing works the same way—the riskier the deal, the higher your expected return should be.Final Thought:Before making any decisions, get flood insurance quotes first.

Hope this provides some insight and points to consider on your journey to making a decision. 

This will help guide your decision opposed to investing somewhere for a novel reason.for example for me it was cash flow, price to rent ratio, land lord tenant laws and availability of multi-families(Just to name a few).