ANYONE INTERESTED IN MY PORTFOLIO OF VACANT LAND IN HOUSTON TEXAS?

Therefore instead of expanding our portfolio to increase cash flow we are looking at reducing debt to increase cash flow. 

So to conclude, diluting a real estate portfolio with negative cash flow property by design makes no sense to me. }

The rate of return on your equity is usually far larger than you could expect to earn investing that money in other ways.In fact, many investors deliberately move every few years just so they can purchase using friendly owner-occupant mortgages, improve the property while occupying, and add to their portfolio by moving out.Now, what about selling?

In the next year I would like to implement house hacking to start building a rental property portfolio early and start gaining passive income streams.

And then they evaluate their portfolio constantly for properties that would be a candidate to sell and 1031 (tax free).It's not a fix in flip scenario where you get hammered on taxes. 

Ideally I want my own company and I would like to use this property to begin my portfolio. 

I would agree with the BP members above that you should sit down with an attorney and estate planning professional to discuss options, as you sound like your portfolio has several very unique needs, so the best solution for your situation would be a more personalized protection plan and estate plan.In the end there is no "perfect" way to legally protect your assets, as liability can be attached to you if you benefit from a property - so your ultimate goal is to create as many stop-gaps as you can to prevent lawsuits and slow them down.

Most smaller local banks should - portfolio lenders. 

Fannie Mae cuts you off at 10 financed properties, so does your lender have a full complement of Non-QM loans or Portfolio loans.