The only reason to have multiple LLC's is if you have too much equity spread over multiple properties and need to seperate that equity exposure.Also keep in mind that the liability protection is one way, in that, the LLC protects you from the asset, but not the asset from you.

Its spread across other text on my browser.

I find it rather puzzling that our society has allowed the media to force us to abort one of our natural gifts in life – our ability to use common sense.

I just think it's ridiculous that there's so much TERRIBLE information out there that is intentionally spread to newbies.

The media is doing an outstanding job of letting everyone know the present conditions of the current economy.

When you break up into multiple LLC's you also spread some of the risk.

You will want to make sure you are comfortable with the yield spread you can create from the cash flow of the new note and the underlying balance.

As long as you have a nice spread between what you are paying and market value (a moving target these days) you should be ok.

Gary you need some spread sheets - personal balance sheetcash flow statementand a spread sheet that shows value of the houses vs whats owed on themYou look at these three and you run your scenarios - cash out, increase mortgages/rents/costs, cash out one prop to decrease second props expenses.....I think you already have a nice suggestion from Ben.

I'm a big fan of real estate blogs, the shear number of blogs out there just shows the entrepreneurial spirit of real estate professionals.I blog about real estate and social media (www.astudentoftherealestategame.com) I also maintain a large blogroll of my favorite sites, so let me know if you think anything should be added.