The reasoning is that you can form multiple subsidiary LLC's under a Master/Parent LLC.  

I also had a long time friend who had a construction company as the holding with 5 different subsidiary’s and one got sued for a fire and they took all the company assets and he filed for bankruptcy, the only thing that saved him personally was his umbrella policy’s.

But I’ve been thinking about buying offices and coworking spaces, so I keep my ear to the ground.Here’s an article i read on a blog I follow, detailing the wework business model:https://wolfstreet.com/2018/05/16/wework-landlords-office-properties-bond-sale/The tl;dr is that wework the master company is NOT your tenant: your tenant would be a single-purpose entity subsidiary to the wework mothership.

I have a property with an accessory apartment (I live in the main house) and 2 investment homes that I want to rent out... the properties are in my personal name but I want to make the rental agreement with three seperate LLC's that are subsidiaries of a NYS S-corp that is taxed as personal so everything would flow to a schedule E, so im not doing this for liability purposes but to streamline banking and record keeping processes on each property.

The option to create TX LLC as wholly owned subsidiary of CA LLC works, and is a pretty common scenario.

I've seen cases where the corporate guarantor is a subsidiary of a subsidiary of the mother company which may or not have a decent balance sheet. 

.- We are in the process of creating a parent company, which will hold the subsidiary LLC's, which will then be the companies that actually hold property.- We have individual LLC's, & each LLC holds one property at a time.

The ABA recommends that the prudent course for an attorney advising a series LLC that wants to do business in a non-series state would be to advise that the series LLC form a single-member LLC subsidiary to carry out business activity in the non-series state.

Apparently TransAmerica Financial got bought out by HouseHold Financial Corporation (A subsidiary of the original company who declared bankruptcy) and they have been known to not record the leins against the property, therefore releasing the lien and just mail the payoff statement to the owner.

We also have a subsidiary SMLLC (owned by the partnership) that is registered in KS and owns a commercial property there.