Series LLC's are not currently recognized in all states, so you need to make sure the properties you own or invest in are in the states that do currently allow the series LLC format.Consult with a RE Attorney as I am not one.

What everyone fails to recognize is that Brandon can not prove his income, thus he is most likely to be stated income.

A series LLC is hard drive with multiple drive letter partitions in which to store data.Here is more info...http://en.wikipedia.org/wiki/Series_LLCThe downside is that a series LLC is very new and a lot of states don't recognize it as a business entity, yet.

I always name my companies a very generic name because I'm not trying to build a brand that people recognize.

Don't recognize them all;Elev=elevation above sea level.

People recognize that selling real estate is a 1099 job just like most other sales jobs.

I'd suggest you take a RE class, business law and a finance course, none will hurt you.Come out thinking how to work smarter not harder, I have always hated to sweat unless it was from recreational activities.Learn to recognize deals by the property not by a system.

For one, there exists no case law up to this point and they are not recognized in all states to this point.While attorneys should always be consulted on these types of legal and accouting issues, you also need to take caution as to any potential self-interests of that professional.

I do recognize this is a huge risk for the hard money lender. 

You just need to be ready and recognize an opportunity when it drops in your lap.