Its a little annoying - have to pay taxes, LLC registration fees etc etc and have this separate thing to deal with that we won't be focused on with capital tied up, so I'm thinking, despite the potential continued upward momentum of them, it makes sense to consolidate and focus where we are actively growing.TL;DR rough numbersgross rent of both combined: 2500tax: < 5,0007% vacency = 210010% mgt = 300015% maint/rep/capex = 4500utils paid by tenantI could wait for leases to expire and list them to get max value, but I think based on the NOI and that repairs/capex sould be low based on all of the stuff we replaced, so 15% is probably very generous for that anyway (can provide full details and pictures of all the work, before and after).how would you guys approach this? 

Dutch, of course, plays it off as "consolidating and moving office space to the golf course" which will be next to fall. 

By the time they reach out to an agent or lender, they’re already months behind on payments or juggling high-interest debt.That said, I’ve seen some smart investors and homeowners using their equity proactively—taking out HELOCs for emergency liquidity or to consolidate high-interest debt. 

I don't do taxes, but I think the LLC is consolidated and each member uses a K-1 for their earnings, the way we did it here, but then like I said, I don't do taxes.

The good news is there are options to refinance properties held in an LLC while still securing long-term (30-year) financing with competitive rates.DSCR (Debt Service Coverage Ratio) Loans:These are specifically designed for investment properties, allow title to remain in the LLC, and can offer 30-year fixed or 30-year fixed with interest-only options.Rates are often competitive, and underwriting is based on the property’s cash flow rather than your personal income.Portfolio Refinance Options:If you have multiple properties, a blanket or portfolio refinance may give you more flexibility, consolidate payments, and still keep properties in the LLC.Refinancing Personally While Keeping LLC Protection:It’s possible to close in your personal name to access Fannie/Freddie terms (often slightly lower rates), then transfer title back to the LLC after closing.

If you're looking to purchase a larger investment property, like you said, you could always add another investment property in your exchange and do what we call a consolidation exchange, where you sell multiple investment properties and purchase a larger investment property while deferring the tax and depreciation.

While your value added is in the physical aspect of real estate (building SFR, developing subdivisions, etc) our emphasis is on deal structuring (loan modification, wrap mortgages, interest rate arbitration, real property consolidation, tenant repositioning, etc.). 

What you're contemplating would be called a consolidation exchange. 

But, if you wait too long in the above scenario, you miss the lower interest rate ride that is reasonable to bet on, at this point, starting in about a year or so.To the first bold point, 5 times in a short period of time either more aggressive/less frequent cuts or kind of consolidated less large cuts.

After that 12 months, you can move out and make it a 100% rental.Of course, you could also refi the FHA mortgage into a DSCR mortgage, but DSCR rates are higher, most have a prepayment penalty and we expect some consolidation soon in that industry which will limit future options.