@Johnny Park I believe you have four main concerns: (1) cumbersome management of the LLC; (2) corporate compliance (am I managing this LLC so that it is effective in litigation); (3) due on sale clause because of the transfer to the LLC; (4) commercial insurance being expensive.Here are a couple of my thoughts on the issue which I would be happy to answer in more detail offline:(1) You may not need bank accounts for each Series if you are diligent with tracking the money in a single account.

Contact me off-line and I can give you a link to the highly rated new and noteworthy iTunes Michigan based real estate investor podcast.

Trying to get my ducks in a row We are on our 8th fund, happy to share any experiences offline

Happy to discuss further offline if you'd like. hope this helps.

Feel free to respond here or shoot me a message if you want to talk about it offline. 

I’m still learning myself, as I’m no “Guru” nor do I have all of anything mastered, myself.What I can offer to anyone getting started in anything online or offline, is this:You must use common sense!

Consult with your tax accountant further on the topic.If you'd like to chat offline, feel free to PM me.

I’m curious (as I’m looking to do the same) and we can message offline if you wish, why is there still a 6 month seasoning required if the purchase is made with an equity line (ie, no mortgage)?

My realtor checked off the mortgage contingency, the listing agent said that my realtor forgot to check off line 707. 

Feel free to reach out offline (PM me) and I can recommend some great Chicago people & provide their contact info.