To make it a series LLC, you merely fill in "this LLC will be a series LLC" in the box provided.Many people are of the opinion that there's minimal liability risk in owning notes.

Secondly, having a fully executed purchase and sales agreement with a seller does NOT constitute “equitable interest” in the property, you should look up the term to get its true definition as it relates to this topic.I do agree with you that getting a license is not necessary, I merely pointed it out as a good way for someone new to get started, it is not the end all be all you implied I said.

Most policy holders have a "no more than 2 roomers/boarders" Clause in their policy.

After you hit the limit, you merely need to use a commercial loan or similar type loan.

@Martha Daisley First off, I'm not an attorney so take this all with a grain of salt as it's merely based on my many conversations in this area with a variety of professionals

They merely need to be in the condo rules. 

A degree is merely a ticket of entry into companies and professions.

Not directed at the posters here of course, merely the situation. 

I never stated that anything was done unethically I merely suggested that it looked that way. 

 From what started with a mere $28,000 single family home just two years ago has now grown into a portfolio of 40 rental units.