I have decided that since I plan on doing lots of different investments it makes sense to set up a holding company  LLC with a subsidiary LLC located in the target property's state.

Definitely ask a lawyer for help forming the holding company but subsidiary LLC's you  can do yourself.  

Or if they are subsidiary companies that will be filing all on the parent return then yes the same accounts can be used however the bookkeeping must be impeccable.

Citigroup saw an opportunity to expand into Mexico and bought it with Banamex becoming a subsidiary of Citigroup.

For practical purposes, should have my management company put the rental income in the subsidiary's bank account or in the parent's bank account?

Today they are a subsidiary of a different bank as they probably got acquired and reorganized.

We offer real estate financing in all 50 states.For someone physically located in the US it may be a challenge if the bank wants to see them in person.OP stated family member is physically located in Canada, which means they'll go to the Canadian branch for all paperwork.Canadian bank (US subsidiary) will finance on the West Coast (e.g.

Hi, I want to start investing in commercial real estate, I was thinking to use an Umbrella Structure, so, open an LLC in Delaware filing a partnership tax return ( I will have the 99% of interest as main owner and a corporation than I will open, it will have 1%, I don't like using disreguarded for the Parent company, also because I heard that for financing, etc.. it will be harder to obtain) and then having disregarded LLC as subsidiaries of the parent company, opened in the State of the property that I will buy (for example if I will invest in florida, I will open an LLC subsidiary in Florida that I will use to do transaction) and with these subsidiaries, I will purchase, sell and hold properties.

If you plan to flip in several states, you may wish to consider a holding entity in Delaware or Nevada with subsidiaries in each state.

I also would like to highlight the fact that while pickleball is the "rage" right now, could you imagine if it goes the way of ALL other subsidiaries of tennis throughout the years?