Hi I currently own a house( which I owe a lot on) and an rental unit( which I almost have paid off).
I currently have 400k equity in my rental unit which is a key part of my retirement. I have a LLC set up on this rental unit so that if I get sued I won't loose my house.
I'd like to pay off my smallest Depts first(The rental) but I'm not sure in this case.
Should I move that 400K equity from the rental LLC into my home so that if a renter sues me they won't have access to that 400K? Am I understanding this correctly? Is this a good idea?