A series LLC is a way to create subsidiaries without have to pay for another business license.

This equates to a high level LLC considered a management company, and then underneath that the land of the MHP would be a subsidiary, and a separate subsidiary would be used for the Park Owned Homes for renting, selling, etc.  

The following are specifically excluded from the provisions of §10-702:1.The initial sale of single family residential real property:A.that has never been occupied; orB.for which a certificate of occupancy has been issued within 1 year before the seller and buyer enter into a contract of sale; 2.A transfer that is exempt from the transfer tax under §13-207 of the Tax-Property Article, except land installment contracts of sales under §13-207(a) (11) of the Tax-Property Article and options to purchase real property under §13-207(a)(12) of the Tax-Property Article;3.A sale by a lender or an affiliate or subsidiary of a lender that acquired the real property by foreclosure or deed in lieu of foreclosure;4.A sheriff’s sale, tax sale, or sale by foreclosure, partition, or by court appointed trustee;5.A transfer by a fiduciary in the course of the administration of a decedent’s estate, guardianship, conservatorship, or trust; 6.A transfer of single family residential real property to be converted by the buyer into use other than residential use or to be demolished; or7.A sale of unimproved real property.

DefaultHaving followed the terms of the Consumer Credit Code, 1995 and without affecting my right to demand repayment at any time, I may demand repayment if any of the following happen (defaults): if you fail to pay any money you owe me on the date it is due and this failure last for more than 30 days after I have written to tell you that the amount is overdue; if you break any of the terms and conditions of this agreement and you do not resolve the position within 30 days after I have written to tell you to do so;if you or your guarantor die or do something which could lead to bankruptcy;if your guarantor serves me with a notice that he or she will no longer act as your guarantorif any decree, judgment or order of court is obtained against you and you do not pay it within one month from the date it was issued;if any information supplied for or by you in application for the credit facility was false, misleading or inaccurate;if you do not provide me with the security within 10 days after I have written to ask you for it or within any extra time I may allow; if the security is also security for other money you owe me (or any of our subsidiaries) and the security becomes enforceable to pay any of the other money.11.

There was a presentation at the Louisville Show last month from an Indiana community owner that is making it work in three of his communities.You can buy a 16x50 front porch model (one bedroom) from manufacturers like Adventure Homes or from a subsidiary of Fairmount Homes (Harmony) for about $15,000 delivered.

the LP was filed in 07 and court dismissed in 09.....just another Tibet of info CORELOGIC has been paying the property tax since 2011 and before that one of there subsidiary were (some kind of insurance company ).

@Austin Largusa The property and the lease/tenant are two distinct items...so, unless you are dealing with a property owned by the housing authority or their subsidiary, built with tax credits or receiving tax credits, it's not a section 8 property...and section 8 is really a mis-used term...it's actually called a Housing Choice Voucher and they are used across many populations from at risk of homelessness, to corrections re-entry...to house veterans, etc.

The more digging I do I find that the home is owned by a subsidiary to a multi million dollar business.

Hoping for some feedback and suggestions on improving this or what other people have done for structuring the deals.(1) Set up a parent LLC which is owned 50-50 with my money partner. (2) set up a subsidiary LLC for each property purchased, which is 100% owned by the parent LLC. (3) purchase properties personally with myself and money partner on title and note.(4) quitclaim deed the property to the subsidiary LLCThis structure was recommended by an attorney to isolate each property for liability reasons and to keep books, etc separate.

Sure they can file BK but you analyze lease ahead of time and see if parent corporate guarantee, subsidiary, individual location, and if personal guarantee as well.I tend to find people that live in California sometimes sees things in a bubble in how they might live the whole country lives that way.