@Douglas Fox great insight I really appreciate the post!

The biggest limitation I see in the Series LLC after creating them over the last few years is that you will want to keep your buy-and-holds in their own series LLC and the fox-and-flips in another Series LLC based on taxes - but this just depends on your portfolio.

I mean at one point I owned 350 C class SFR's  happiest day of my life is when I got bought out of that partnership.. its a job and a tough on corralling all those folks.so hopefully this comment is more like fox news  fair and balanced.. :)  

Most of the news be it FOX or CNN or CNBC is all click bait.

@Tyler Fox depending on your situation and what you're comfortable with (as well as if your market is a decent area for investment) I'd consider one of the following:Purchase a single family home and rent out unoccupied rooms or Airbnb themPurchase a single family home that could make a good LTR and then move in a year or twoPurchase a multi-family, live in one part, rent out the restIt's really what you're comfortable with in some ways.

@Zack Karp, @Justin Fox I'm learning so much from this conversation I truly appreciate all of the detailed explanation you are both providing.

I'm also in the Elgin/Fox Valley area.  

Purchase price: $50,000 Cash invested: $100,000 Sale price: $224,000 First real fox and flip property where I did not live in it as a primary residence for tax purposes.

Hello My name is Elmo Fox, I am looking to purchase a MF property 1-4 units that will be owner occupied by myself within the Kissimmee/Lakeland area within this year, please post any links to your list of properties available all are welcome, Thank you!

;) There once was an ape from Gibraltar Whose strong, furry hands would not falterWhen shining my shoesHe would tell me the newsNow he works for FOX.