This involves creating a Wyoming (WY) blocker LLC, which will act as the member-manager of the Michigan LLC.

One problem may not be feasible to fix, and the other is easy to fix.Does the apartment complex have a unique feature that makes it more desirable? 

I highly recommend an attorney to draw one up as each state and each property can have unique issues. 

Quit comparing it to other forms of investing because you are wasting your time and, at this point, creating a lot of unnecessary negative attention to your idea. 

Do you have some unique hybrid where you handle certain things and the PM handles others?

Hey @Josh Ball, so unique for unique's sake could be hit or miss.

What I wrote above does not create an attorney/client relationship between us.

Remember you are exempt from excise franchise tax if you file an exempt form.This post does not create a CPA-Client relationship.

I am looking to make an offer a 2BR condo for use as a long term rental. List price is 320K and it has been on market for 60 days. The seller purchased the property as an investment property 6 months ago. Story I got ...

This lack of registration can create complications for both lenders and title companies, as they may view the structure as less transparent or reliable.Texas has recently made changes to its series LLC laws to allow for cell registration, which is a step forward in addressing these concerns.