For those that hold that opinion, how many have passed a Series exam or even looked at the testable material?

Learn your numbers... you're basically providing a service to cash buyers to save them time so bring them value.You might find these useful..This is part of a video series https://www.facebook.com/Cody.B.Sperber/videos/120...http://freewholesalecourse.com/

Aside from listening to the BP podcasts and reading the Rich Dad Poor Dad book series, I don't have any actual experience in real estate investing. 

I want to use a waterfall structure to distribute profits based on a preferred return and structure the entity in a way that allows for a series of independent investments or funds.

You may want to ask him about series LLCs in your state.

You should look into Series-LLC and see if that's an option for you - then you don't need to worry about this question, as you can place a property in its own children Series-LLC that you can form when needed.As for distribution, you can have one or more per LLC, and that depends on multiple factors:- property class - you might not want to mix A class property with a D class property in the same LLC, due to different tenant level- cash flow - you might want to keep your cash flow cow separate from the ones that barely produce- equity - you might want to keep the one with large equity in its own LLC while you can group the ones with little equity in another LLC (let's say you have one with 50K equity in its own LLC and 3 other each with only 10K in another LLC, till their equity grows to your risk threshold when you move them out in their own LLC).- number of units (in the case of MF)- location of real estateThe investor has to decide what mix is optimal for their situation.

She's lived there alone for many years, but it was starting to get to the point where moving her closer to the family would probably be for the best.In a series of unrelated events, my sister and kids ended up moving in with her about a year ago.

Buy for cash flow... buy for the long game.https://fred.stlouisfed.org/series/MSPUS

I have also heard about TX having a series LLC which allows you to own multiple properties under the same LLC, but with none of them being connected (if you were to be sued, the LLC would be sued and the properties under the LLC may not be up for collection...YES!).

Alright everyone my business may have just hit a huge roadblock...I recently started a new job where I need acquire my series 7 and series 24 investment licenses.