I'm a buy/hold investor that generally gets a $350/month cash flow from properties (mainly saying this as to note that I don't invest based solely on appreciation).

I'm not in your shoes, nor are most of the other people here on BP.

They offer the ability to elect federal tax status and you can opt to be taxed as a partnership or sole proprietorship and avoid tax at the entity level.

I'll be doing all transactions from a business account set up under my LLC.Any recommendation on whether I should set up my LLC tax structure as a sole proprietorship or C-corp?

I'm solely focusing on the DFW market (including upcoming travels there) and secondary purchases of first lien performing notes.

Monthly rents (including the 2 single family houses on the property) is $7350.I own the park under a single member LLC (i'm the sole member), and manage it under a different single member LLC (again, I'm the sole memeber).I'm looking for basic liability coverage (1 to 2M) that will cover me for anything that might happen on the property (slip and fall, etc).  

And a week after the Notice of Federal Tax Lien was recorded they quit claimed the deed back to her as a sole person on the deed.Because both husband and wife were on the deed when the Notice of Federal Tax Lien was recorded, I am assuming that means if I buy the property from the wife (the Contract for Deed would just be for a year), the Federal Tax Lien of the husband could attach to the property and I could potentially lose it.

@Matthew Sutton I solely just used craigslist ads.

He is the sole proprietor with no other help.  

its strange to be back in the rookie shoes haahhaanyway im looking forward to todays webinar!