My parents are planning on selling their investment home (SFR) to buy another home in Hawaii (i.e. 1031).

@David Rutledge I don't doubt it, but it's a town of about 20,000 people, and aside from this thing a number of miles away called the Pro Football Hall of Fame, there really isn't anything that spectacular to draw tourism in the area... it must all be corporate and maybe kids returning to visit their elderly parents? 

No chipping paint (but only if have a child under 6) garage door isn't needed.

Siblings had been taken by the state, parents collecting their welfare checks.

After the birth of our second child, we both REALLY wanted to be our own boss and we were presented with a great deal of a house to flip.

Im curious why this isn't a more popular method  (especially for people who live in a high LLC filing fee state like me).My attorney swears by them for their anonymity, asset protection (when each series/child trust is ran like an individual entity), and affordability.

It seems like everyone focuses on choosing certain states based on rental laws and fees and fails to mention the the primary LLC should be in the state where the property is- in which case the the other state options are not helpful.The wyoming legal office did offer to set up a parent company under which my other LLCs be owned-- which I understand that concept.Thanks again!

Hello, My parents have a primary residence purchased for $45k.

My parents are starting to rent out part of their home instead of just letting my kids live there.

Members can add additional protection by forming series LLCs to hold each real property or business entity.A series LLC is a designated “series” or “child” LLCs from the original LLC aka parent LLC.