Valued at $85KProperty #4 (Primary residence)Purchased for $292k, owe $251K at 4.85% interest rate (condo).

The house was purchased with Cash using HELOC funds from our primary residence.

This is my primary residence - my parents do not live here.

I'm located in Central Washington (Wenatchee Area) and I have a Cash Out Refinance scenario that I need a solution to and i'm hoping you all can enlighten me on some ideas or referrals.We have 2 properties (1 - Four-plex, & 1 - Duplex) with 2 loans that we would like to consolidate into 1 loan on the 4plex with the duplex then owned free and clear to make available to open a LOC for future investing opportunities as they arise.We owe 158 on the 4-plex and 91 on the duplex for a total of 249kthe initial appraisal came back at 300k for the 4-plex but it's very low for our local market.

#1 -  the concept of a HELOC (borrowing against equity whenever you want, up to limits) is fine and I agree that from what is posted this solution may be a good fit, but #2 - if you go to a bank and try to get a HELOC, I am 95% sure you rental properties won't qualify.

They told me that I had to insure my personal vehicle with them otherwise they wouldn't insure my primary residence.

@Justin Guidry,Good Morning Justin,Very new to investing, but I have been a caregiver in two ALF in Lafayette.Day to day duties were to check on every resident every two hours, assist them to and from activities if needed, such as the in home salon, church, etc. taking the residents to doctor's appointments and the light houskeeping of the rooms. 

However, I reside in Florida and I am not familiar with the area or vacancy rate.

Any recommendations on what entity a California resident looking to do both in-state and out-of-state deals should use (LLC vs C-Corp vs S-Corp)? 

Next year my husband will graduate from medical school and we will relocate for the residency program that accepts him.