You could just think of the parent Series LLC as the ASSET HOLDING COMPANY and the traditional LLC as the OPERATING COMPANY.It would require extra costs, since you are involving the formation and operation of an additional entity.

I found this deal off market and found agreeable terms with the seller involving a midterm lease during renovation.

Also, do I need to get a lawyer involved?

These things should NEVER be considered in an educational program much less a program that has self serving owners with over-hyped experience and credentials.Students have been squeezed out of deals that their coaches are involved with.

I really want to find something nearby that I can really get my hands on and be involved in.

The second question involves whether you want to avoid PMI by paying the 20%.

I was involved in wholesaling business long time ago (not real estate but consumer goods), and it has taught me A LOT about human nature.

(Get a QI like @Dave Foster involved BEFORE the sale.)

Like @Gene Chandler and others who I am close with in the note industry, Scott and Steph were good to us.

Next time you talk to the renter that's paying late all the time, Maybe mentioned to him or her without getting too involved in their personal life, they should seek out a temporary job a few hours, a couple of days a week until they build up enough to get caught up on the rent, and make a little pool of money to use so they don't get behind again.Some Temporary jobs can be fun, like handing out rubber id bracelets at functions to the participants, or if the person is more blue collar they have jobs for those people too more suited to their tastes. just my 2 cents.