It all depend what each LLC is doing.If LLC B owns property in State  and receive rent in state B, it only needs to be registered in state B.If LLC A is just a holding, not doing business in state B, but just owning LLC B, it does not have to be registered in state B.The concept of using a holding LLC is multiple.First as you described, if state B does not give you anonymity, you can get the anonymity of state A by having LLC A listed as sole member of LLC B.Also, and it is probably the most important point, if state B does not have good charging order protection for their LLC, you can get the excellent charging order protection of state A protecting your LLC B for outside liability.Delaware and Wyoming are two very good state to get your holding LLC in.

Then when you sell, they should receive that equivalent % amount of the profits. 

I will receive the appropriate fraction of the annual 18% interest on tax liens in District of Columbia for the period I hold the lien and get my surplus bid back.2.

I have built a website tested one fb campaign that didn't have much success mainly because I was learning how to use it for the first time and have no idea what I am doing except for watching YouTube University - (I did not advertise as thoroughly as I should have with updating all the fb page info also) and have posted on craigslist and received one call from a non motivated seller looking to just get an evaluation of his property's worth.

Good news, I found a bank that lends 4.375% (.625 points) or 4.5% (0 points) based on the quote I received this week - the catch is that the property needs to be located in a "CRA" area.

Question 1:  I wanted to know how likely is it that a new/first time investor could receive funding on a fix and flip with no money down and a credit score of lower than 600? 

All I would need to do to join again (hypothetically if anything went wrong ) and receive the same hourly rate I was making prior would be to pay my union dues that I was not paying while I was not working for the union.

Not only will it limit how much money you will receive but your rate will be HIGHER too! 

The oil he's going to be receiving is likely in the form of a stern letter from some city department letting him know that the stairs need to be repaired and it is his responsibility to make the repairs and if he fails the city will do it for him at a cost of 4X what he could do it for. 

@Nick Rutkowski I've actually received a few of those automated calls.I tell you, it's not easy cold calling but I know somewhere in my list of numbers is my next deal.