All the tax reporting (and, potentially, legal liability although I'm not an attorney to have a valid opinion) will fall onto the parent LLC then. 

My plan is 3.5~4% downpayment to keep the most cash in hand.I am ready to connect with lenders, but have no idea how to calculate the potential pre-qualified amount. 

Takes some time to close, but can potentially get you the best leverage and longest loan terms with a reasonable rate. 

When financing your new home, get pre-approved for a mortgage before listing, showcasing your financial strength to potential sellers.

Looks like it could potentially double the payment making it really hard to profit from the property and keep it up to the level it needs to continue having a decent asset.

just sold his trailer and his lot for 95k on the market "investor is a potential buyer and somewhat a new mentor but said we should try to get this deal and flip it ourselves!

If a repairman is injured working at a property, if a potential tenant breaks something inside a property they're showing - it covers all of those and more.  

CoC ROI of a minimum of 20% ... high demand areas to achieve 90%+ occupancy ... something unique about the specific property (location, size, views, etc) ... appropriate regulation with no near term changes for seen. ... potential to value add The best purchases I’ve made are from amateurs trying to self manage and getting their butts kicked...

I just started hunting in that area myself and there've been a few potential deals. 

I'll be in Houston the week of April 14th, and I'm schedule appts now to connect with clients and potential new clients.