During that time, I created an acquisitions subsidiary which was responsible for all acquisition lead sourcing, underwriting, and negotiations and closed roughly $20mil in urban real estate, an affiliate title company which facilitated all acquisition, loan, and listing settlements, and customized a cloud-based system which eliminated spreadsheets and tracked the entire process of acquiring/developing/selling real estate. 

B2R is a subsidiary of Black Stone and these guys are the worst company I have ever dealt with in my life.

In my studies I've learned that these large corporations create dozens upon hundreds of subsidiary companies to bid in a sort of umbrella fashion, doing so by flooding the auction site with bids to ensure success, and in turn bidding down the percentage rate (it doesn't matter that they are getting .25% return, because they bought 800 at a time type mentality).   

It is literally a fully owned subsidiary insurance company that only sells insurance to its owner (why it is captive).  

We aren't sure what we were going to do - a new EIN, a subsidiary of a company we already have, roll into a company we already have or just keep it in our Living Trust.  

We live in MN and have an LLC holding company in WY with subsidiary LLCs in each of the states in which we invest.

I don't know if this is specifically the case with Chase, but some banks and credit unions have subsidiary appraisal management companies collecting that appraisal fee, so that would be even better for the bank if that is the case.The other garbage estimator websites, like Zillow or Redfin, do the same stuff, but are aimed at bringing business in the door for their primary customers -- real estate agents (you, the person reading this, are the product being sold).

Seems like they now have much tighter control over the entire ecosystem since they also manage for other subsidiaries (Hotpads, realtor.com, etc), which make it hard for an all-in-one service to manage. 

@Darren EadyRBC, BMO and TD all claim to provide mortgages to Canadians purchasing property in the U.S.A. thought their U.S.A. subsidiaries while enabling the Canadians to use their income and credit in Canada to qualify.We went though this dance with TD a few years ago and in the end, borrowed the funds in Canada from out business line of credit as the interest rate was lower.

Rental assistance varies from program to program, but based on my experience with Section 8 housing and similar/subsidiary programs I'll share this:  the person typically has a "value" associated with their assistance and the program bases that on the market-rate for each property.