Hi Jay,Forgot to mention this in the original post but I also am in the process of getting my real estate license!

He would eventually pay, inclusive of all late fees.

Merely people who sell the concept for a fee.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

I have this awesome property that I’ve been in the process of buying the last few months, it was originally posted for sale by the original owner, but he passed away at the end of last year, so I had to wait for the property to get to get through the probate process.

Although each cell of a Series LLC can own distinct assets, incur separate liabilities, and have different managers and members, a Series LLC may be able to pay a single set of annual state fees and may be able to file one income tax return each year.

As much as I hate all the extra fees and compliance, I happily pay it each year.

We pay the fee but we do not expect that it provides any real asset protection because our properties are not owned via the LLC. 

Taxes, fees, etc will add another $300/month. 

Originally, I only had it on Furnished Finder.