I asked this because I was really nervous about investing in some giant corporate company that was all cloak and dagger, so I tried to get a peg on the character of the company.

With the average expected salary of these corporate jobs being around 150K, it will surely benefit an already great market. 

You want the operating agreement and other documents so that your LLC is a legitimate business and the corporate veil is not pierced.

Depending on taxable income of the LLC, your dad's other taxable income, projected growth of the business, and your dad's goals for the business, an election to have the LLC taxed as an S Corp or a C Corp might make sense now or in the future. 

The thing I find interesting is that you have to form a partnership or corporation to invest the capital gains.

Essentially you are trying to remove their will to sue you, and any attorney who knows what they are looking at will realize this entity is going to take lots of time and money to even try and breach, not to mention actually getting a settlement or judgment out of.Beyond that you need to account for corporate management and having some solid bookkeeping to ensure the different "child" series don't commingle their funds.Can people do this themselves?

I can only conclude that the people arguing for rent control are simply corporate shills willing to protect multi-billion dollar corporations like the Jewel grocery chain, while hammering much smaller landlords.

Sometimes the HOA fees (essential the same as our Body Corporate fees for units here in Oz) can be very high and out weigh any cashflow benefit of the rent.Getting funding can certainly be harder but not impossible. 

.), by Responsible Entity (which LLC, corp or whatever) and property if necessary.

For the last week or so, since we entered the contract, I have been reading all I can in my free time, but that has resulted in more questions than answers.At the moment we don't have any LLC, Corp or anything like that.