@Kristoffer Ruohonen where in B-W are you?

They were a) smart and b) knew money and c) poked around on the world wide webs a bit.

All, I have formed 2 LLCs: 1) manager managed (parent), called LLC A; 2) member-managed called LLC B. 

You are the A to B transaction, which makes you liable.

Before wasting time looking for properties or spending a lot of time on projects, they should make sure they can get the financing because a) financing might not be available, b) they might not qualify or c) the cost of debt might be prohibitively right.Another mistake investors make is believe that they can apply a US strategy or financing model overseas.

I would get a paper map of the city, go and visit with a several different brokers (in different areas) and bring that map- then ask them where the neighborhoods are that are Class A class B class C class D and where the war zones are.

Quote from @Bill B.: Investors are scouring the market looking for 10-15% COC but your target market appears to be littered with 50% COC returns?

It is harder to find deals there now since the prices have gone up, but it's still a solid B to B- neighborhood that is considered safe and has a lot of demand. 

Tax Questions:Are my assumptions in A, B and C and D above, correct?

@Karl B.