Obviously this is a very simplified example that isn't taken into account taxes and other expenses, plus some PMs often charge additional fees for certain things that would ultimately increase your pay (fees for drafting leases, fees for handling turnovers, etc). 

Simplified Example: You utilize your $50k in a flip or 2 and double it to $100k (you should be able to get more in a reasonable flip, even partnering, in SD), you can then utilize the $50k in a rental OOS and still have your $50k seed money to do more flips, or you can buy 2 OOS rentals, expanding your return potential, or you can use all $100k in a local hack and be in a better position than you would be with your original $50k.

Can you just simplify it into every step that you would take if you were a wholesaler in IL with you're reasoning as to why it wouldn't be illegal.

There are added benefits that will help simplify life, like a single EIN for all the investments within the Series LLC and the ability to keep them in the same bank account with the appropriate bookkeeping.https://www.biggerpockets.com/renewsblog/the-tradi...When dealing with my own investments I work to keep everything separated.

That's obviously a super simplified version.

I definitely think I’ll simplify things by creating two accounts (savings and checking) for each LLC rather than each property!

It really simplifies the process for our investors because we can identify potential acquisitions for them, do updates/rehab work on the property, place a tenant, and then manage the property. 

His system is simplified and gets great reviews  The book I believe was a best seller in real estate section.I also think it’s worth getting a cpa for many reasons. 

@Clint Coons or anyone else:   In regards to simplifying the signature, I was wondering what the harm would be in structuring the Property LLC as "manager-managed" with myself being the manager and the Holding LLC being the single member in a state that provides anonymity for both the member and manager.

If, as an Owner, you have the PM make your mortgage payments, insurance, property taxes, ongoing service contract invoices, maintenance, repair, and capital improvement expenses, rental income, parking income, laundry income, insurance claim income, and anything else relating to the property, it greatly simplifies your income tax filing with clear and accurate records.