While the general rule is that the law of the state of formation should govern the regulation of the internal affairs of an entity, including the liability of an owner of the entity for obligations of the entity, it would appear to be a stretch for a jurisdiction without series LLCs to recognize the liability limitation function of the series within the LLC on the basis of the internal affairs doctrine - the effect of the liability limitation function applies to third-party creditors of a series, not just to the internal affairs of the entity and its members inter se, nor, unless a veil-piercing claim is involved, to the liability of a member for debts of the series or the series LLC.

Most of us in the SE and I'll guess you in KS have difficulty loosing money owning starter homes y9ou rent to blue collar and DSCR >1.5 ideally 1.7. 

Frequent reader, new poster here on BP, sorry to hear about your situation @Mitch SmithI'm a real estate attorney and contractor/investor in the Indy area (based out of Shelbyville, 25 minutes SE of Indy) and I'm seeing this happen far too often right now.

Prior to this year, interest rates had been steadily declining since the 1980s financial crash, this is not a coincidence since that is the same timeframe that our national debt levels began to spike.US debt to GDP:  https://fred.stlouisfed.org/se...30yr mortgage rates:  https://fred.stlouisfed.org/se...

Account ClosedHere is one more option that is a little different:When I built my home in SE GA, I hired a Jacksonville builder that already had plans for a house that I really liked.

Account Closed, I spend a fair amount of time in both SW and SE DC (both sides of the river).

I don't have a clue about SE tax. 

I hear what you are saying, but I am seing friends loose their homes becuse of this local law while others are selling since they dont want to deal with this any more. 

On the buying side, there are not really "re agents" per se in most commercial deals.  

10/7/2019Aaron – thanks for the post….the price range and location sound realistic …good to se that you down payment is ample to avoid the mortgage insurance need and to keep the loan in conforming range ….I would think you could get a bit more than 1K per room depending on the location/ type of property / room size etc … even if the purchase pencils out slightly worse than the renting scenario , its worse considering as a step towards getting a property under your belt …ideas 1) buying a 2 or 3 plex at a higher price point but this would allow higher rental income 2) buy the property as a total investment property and rent for a larger amount per month …your down payment would allow this wo work ..thanks