I wouldn’t want them all tied to one Loan.

Then I guess it comes down to a personal choice between having somewhat of a fixed rent every year vs. the freedom of not being tied down to a house in an earthquake zone.

Smart move to move and tie in the whole cycle of home buying.

That's why you always see them tied up outside 90% of the time.

I am partial toward Texas LLCs since they have strong laws reinforcing the LLC and no annual fees - and you can tie in that handy Land Trust to also remove your name from public records.

Two of them are single family homes in one LLC, the other is a commercial building that is in its own LLC.I have around $20,000 in cash (I would have more but I just used $28,000 to purchase a 4th sfh rental).Local bank was willing to explore using existing rentals as collateral with no down payment- but all properties would be tied up into a single loan and the debt service (20 years, 6.25%, $1.5MM) would be way too high (despite a LTV of 55% when including my existing rentals in the group).Any advice on how to move forward?

I have no real idea of what I'm getting into, and I'm not super tied-down right now, so I want to make sure I have some options / exit strategy so I can handle whatever comes up next.

All our cash is tied up in our primary residence.

When other agents show a property, they lock doors requested to leave unlocked, they leave windows open, they don't remove shoes when asked, leave lights on, etc.

I like the idea of this loan but I  would need to leave most of my own money tied up in this deal until refinancing with someone else.