How to structure/handle multiple syndicated deals?

[Mike Carr]

I have some questions on handling and structuring multiple syndications. (Im in the process of learning syndication structure so excuse my ignorance on the subject.)

Once I get a few deals going at the same time I will need employees to handle paperwork, marketing, management, organization, etc. I plan on having them under one LLC. This LLC will also find properties for future syndications and assist each facility with day to day management. This LLC will not hold any properties or have equity in any properties...just for finding, organizing, and managing. Each facility will be held in a different LLC.... I will be the GP and the investors bringing the money will be the LP's.

1. Should I use my personal name as the GP or use an LLC as the GP in each deal? If its the LLC that's suggested to be used, should the main LLC with the employees be a Series LLC. That way I can use a seperate branch of that llc as the GP in each deal.

2. As far as taking an asset management fee. Should that flow directly to me (the GP) or to the main LLC with the employees...because that is technically doing the asset management part. My thoughts process is: whichever entity is taking the asset management fee will be treated like a 3rd party company to the LLC holding the property.

3. Should the main LLC with employees be an S corp?

Also, my current set up looks like this: an LLC that holds a few SFR rentals and an S corp that manages them.

Hope this isn't too confusing. Thanks for any help.