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 Hi mate, cor coldstorage do you reset the hardware wallet to remove the keys and keep just the back up?
 
 also. If you have only 1 hardware wallet but want to manage 2 separate wallets. 
Would you:
1 change the derivation path
2 add separate pass phrases 
3 create two keys with the same
 device and reset the device as needed.
4 use BIP 85
? 
 Nah, if i want to have multiple wallets based off of a single hardware wallet I will often do it via multisig (Nunchuk makes this dirt simple) and adding a separate second key for it, or I use a 25th word to generate a new wallet. But I haven't done that in quite some time however. I mostly use various multisig setups with differing levels of security and ease of access.