If we assume it is AR, then here is what you finance department says about private party exemptions:A person who engages in seller-financed transactions or who as a seller of real property receives mortgages, deeds of trust, or other security instruments on real estate as security for a purchase money obligation if: (a) The person does not receive from or hold on behalf of the borrower any funds for the payment of insurance or taxes on the real property; and (b) The seller does not sell the liens or mortgages in the secondary market other than to affiliated or subsidiary persons; (xi) An individual or husband and wife who provide funds for investment in loans secured by a lien on real property on his or her or their own account and who do not:(a) Charge a fee or cause a fee to be paid for any service other than the normal and scheduled rates for escrow, title insurance, and recording services; and (b) Collect funds to be used for the payment of any taxes or insurance premiums on the property securing the loans; The issue with the rule interpretation is that in some states an MLO must be employed by a company licensed to conduct the activity of brokering or lending.

There are some very large LLCs that have net worth amounts you're likely never going to come close to, like GE, Boeing and others that are huge subsidiaries of very large corporations.

My understanding is that in Texas you can set ups series LLC that allows you to split subsidiaries very easily but they roll up to a master LLC for tax purposes.  

My local insurance agent is TowneInsurance a subsidiary of our commercial lender TowneBank(they hold the mortgages on our MF), but my policy is with Middlesex Mutual.  

I dont know, I would be think they are some subsidiary of US Bank though.

Hi Kevin,Welcome to Bigger Pockets.You want to treat investing in Real Estate like a business.As a Real Estate investor you need to delegate and have different "subsidiaries" to make you "business" successful.Property Management would be one, along with contractors, accountant, attorney, etc....Having this in place will also enable you to grow quicker as you won't be running around doing all of the work yourself.Just my opinion.Thanks and have a great day.

@Allan SnowYou can also check with U.S.A. subsidiary of TD (found predominately in the North- to Mid-East) or BMO (Harris Bank).

(I understand these are terms my partner and I have to figure out but appreciate feedback to not set myself up for failure or him feel taken advantage of).Question 2: once the earlier described partnership is established (parent with subsidiary LLC's) is it a once and done or does it need to be rewritten for each deal?

However, some Bank owned subsidiaries always convey by quit-claim deed.

They're a subsidiary of First National Bank of America.