Hi, I'm looking to access the equity of my 10 mortgage-free SFH rentalsI know that I can set up a HELOC for each home, but that will give me 10 different HELOC accounts to manage, which would be a PITAAre there any alternatives I should consider?

When you need legal advice it should be discussed openly at the meeting and a motion made to contact the lawyer.Fishing Derby Funds - a set amount (say $1000) should be left in the account from year to year as seed money.

By then, you'll be more familiar with the whole accounting concepts, how to set it up and track it in Quicken, and the usually steep  learning curve for Quickbooks will be more accessible.

I have set about  7~8 searchs on Ziprealty, and OMG, so many new listings lately...

I'm not dead set on one option.  

Demand they set up ACH or some other automatic billing  and that only one payment is made (don't let them try and pay their share separately). 40k is a lot.

When you find a great deal, you are setting a great foundation.

I prefer to build it into the rent and then it's a business expense that's set up on autopsy. 

You can start with Rich Dad Poor Dad, The Book on Rental Property Investing, Set for Life, the ABC's of Real Estate and that will give you a good start. 

I told her I would get her set up with an agent.