@James Marshall,Providing the property is selling at a profit after just 4 years of ownership, resetting the tax basis a bit lower is unlikely to exceed the $250K §121 exclusion. 

The Series LLC divides the liability into each seperate series so the liability is exclusive to that series or property.

That means you won't have exclusive access to the deal as it would be exposed to the full market but, you never know, you might be the one to put it in contract at the right price.

That's 4 kids and 2 adults in a 700 SF 2/1.

If Room and Board are an expected part of the deal, you'll likely need a responsible adult living at the home.

I honestly feel that sometimes the listing agents are waiting for an exclusive offer and not even submitting ours.

I thought with the paid membership there was some exclusivity but there isn't.

In an ideal situation I would add an additional partner that would focus almost exclusively on locating another owned rehab opportunity and to relieve lease up or financing issues from yourselves. 

@Alex Stoll I deal almost exclusively with out of state owners and must say that you're absolutely right in saying that management is key.

Is your GSR inclusive or exclusive of your "rent?"