It flips a switch and now they feel empowered to fix or change whatever they want.

Should I make the switch before setting up the 401k, or does it matter? 

For example if I have 10 fannie mae loans, could I switch to freddiw mac or fha?

We also partner with attorneys who offer the option of bankruptcy protection, expecially important for homeowners who have equity.

We specifically need help on understanding and  getting proper asset protection lined up. 

But started buying junk properties for under $10,000 using all the creative formulas I could think of (credit cards, commercial over draft protection, credit lines, partners, lots of Subject to Existing Mortgages, delayed settlement, flips and seller/contractor partnering). 

As he said, I think you need to be careful how you structure this to make sure they are protected as much as possible.

I read the Clint Coons book (Asset Protection for Real Estate Investors) and then spoke with someone at Anderson Advisors who pretty much recommended a strategy in line with what is promoted in the book (land trusts, LLCs, and Nevada holding LLC).  

It is not my fault the seller made mistakes in the past with their accountant, life issues, bad partnerships, etc.I have been doing this a long time and know how to protect my interests in a deal.

And the fact that your equity if protected from bankruptcy (amounts very from State to State) is an added benefit.