What does your operating agreement (or LLC agreement for Delaware LLCs) require?

Quote from @Paul De Luca: Quote from @Mohammed Zeeshan Sayeed: Hello all, I'm a first-time home buyer looking to buy my first property in Chicago, IL and surrounding suburbs.

Quote from @Edwin De leon: Quote from @Benjamin Aaker: One thing to consider is why you want to get your agent license.

I see it as a cost of de-risking my overall portfolio.

The news for today from Argentina is that President Cristina Fernadez de Kirchner fired the President of the Central Bank because he refused to release $6,569,000,000 (US dollars) from the national reserve in order for her to pay for the country's debt service this year.

We're doing something similar (CA investor, so Delaware Trust with essentially Series LLCs under it) but the only LLC the bank ever sees is the single operating LLC.

., @Paul De Luca, @Justin HammerleSorry my explanation might've been a bit unclear.

Your looking at using maximum leverage, and this is NOT the time for maximum leverage, it is time for being DE-leveraged. 

I would advise that anything near Ave a,b,c,d,e you stay FAR away from. 19th ward in the Thurston and NE part are pretty rough.

Then, they would have a Delaware LLC that places a "friendly lien" on the properties based on the amount of equity in them and act as a private member manager for all of the properties.