Timed the market perfectly with the refi and the combination of long term and short term rents is bringing you some amazing cashflow!

Perhaps the private lender can be an equity partner, not just a lender but a partner..and using your combined leverage with a hard money lender can make the money go further.  

Once I start having some success there, now I don't look at California and get disappointed, now I just enjoy exploring creative strategies and making my network in different states, and talking with amazing people making money in unique ways. 

We all have unique financial situations and a CPA would be best qualified to advise you on whether it would makes sense given your current standing.

@William Philipp so every client has a unique risk tolerance and different income needs. 

In order to receive series LLC benefits, the series must be filed with the Texas Secretary of State, have a unique name from its siblings and parent LLC, conduct business, and be in compliance with the Texas Business Commerce Code and Texas Business Organizations Code.

Not to mention you are in a unique position because you intend to invest out of state meaning that you can tap into any hot market throughout the country.

Unique homes on unique properties.

At 100K appraisal if all goes well, yes you may be able to recoup all of the lenders funds or combination of you and the lender.

I know absolutely nothing about the commercial lending space, and am already googling my way through that one, but I'm in a not so unique position of not knowing what I don't know so...