Despite my many years of customer service experience, mainly call centers, I can no longer except defeat when it comes to my financial freedom.QUOTE: Everything you ever wanted is on the other side of fear.

If your goal is cash flow, then out of state investing will cut into that, therefore defeating the purpose.

I thought about switching it over without informing the lender but it seems like that defeats the purpose of limiting liability.

But the self defeating self speak of "I won't / can't do this on my own" is a red flag to me that perhaps you may not be transparent with yourself.  

not sure if you are legally allowed to buy it in 6 weeks if you look at it NOW while it is with a realtor. so please look into that first prior to looking at the property. if it is necessary to wait to view the property until after it is no longer with a realtor, so that i do not have to pay realtor fees to him, then don't look at it until it is no longer with him, otherwise this is defeating the purpose i am trying to sell it to an investor on my own, without the realtor. the property address is 3645 n fountaincrest dr, knoxville, tn 37918. and it is currently with a realtor, but the listing expires in 6 weeks, and want a cash sale from an investor as soon as possible. if you are able to buy it NOW, if i cancel the contract with the realtor, if that is an option, i will be glad to do that. but i can not take an investor's price and also pay the realtor, so please make sure you know if you are able to view it, or buy it while i have it listed with him, also, if you know if i am able to cancel the listing with him now if you would like to buy it now, that is great also, otherwise, we wait 6 weeks. the house is all brick approx 2500 sq ft, 2 car garage, and in a great neighborhood. as i said, no repairs needed, in fact i wish i never moved, because i am not being able to get this sold due to it needing updates. if i had known this, i'd never have moved out of it. i lived there the past 3 years and i know it needs updating but the house is more than liveable condition, and if i'd known nobody would buy it without updates i'd have just stayed there. this is a great investment for someone. i've already had investment offers through the realtor, but then of course by the time the realtor takes his cut, it really messes up the amount of cash i recive from it, and i've got to use the funds to pay down the house that i bought that i currently live i n now, and i paid way more for it, and was expecting to basically make an even swap. i only moved because i had an abusive xhusband that i didnt want him to know where i lived anymore. i loved that house, and maybe if i sell it directly to an investor, i can actually do ok. i'm letting it go for way less than what it is going to sell for according to the investors that already made an offer, they expect the house will sell for 185k after updates. i have the house listed at 129k with the realtor, after having originally had it for sale for 150k to start with. which is what i think it really should have sold for. 

You can either let these challenges defeat you or you can rise above them and claim success.  

California Apartment Association, California Council for Affordable Housing, American Veterans, Women Veterans Alliance, etc) are all coming together to help defeat it.Most the major newspaper publications throughout the state are against it:Santa Rosa Press Democrat joins growing number of papers opposed to Prop 21Orange County Register: Proposition 21 will make the housing crisis worse.

Plus the IRS would look at this and likely say that Master LLC actually is the owner of A and B (given that all of the profits go to it) which would defeat the whole point of this setup.As you can see, your broker's suggestion is needlessly complicated and ultimately does not work (unless I am missing something).If you want to operate 50/50 with a partner, you both need to own the LLC (or LLCs) 50/50.

From an asset protection point of view it seems that you are defeating the purpose of the LLC.Also, financing in your name is going to greatly limit the number of loans you can qualify for... and based on current guidelines qualifying for each additional loan will get more difficult.I like purchasing in the name of the LLC and using a commercial financing approach for all of my rentals.Good luck... and keep the questions coming!

I currently have Amica right now, and it sounds like their policy covers my primary residence and rental under same policy, which defeats the purpose of having LLC.