What if the manager that is sued is NOT the person who was the filing party for the 2nd LLC and the membership is  50/50.   

The best part I think is the lease is with the organization , not the individual residents. 

You can control the investments and be a fund manager for your IRA.Plans that offer checkbook control will be much better than hiring a 3rd party custodian to process transactions on your behalf.

The hard part is finding a 2–4-unit property that will allow you to live in one unit while having the others cover most or all of your mortgage payment.

I was offered a minimal amount to record the deed and concurrently record a deed to another party.

Actually, the parties I'm thinking of now are some of the best tenants ever! 

These factors, which should continue to apply to the separate entity test under the check-the-box regulations, include—the sharing of profit from the business;the sharing of losses from the business;ownership of a capital interest or performance of substantial services;participation in management; andrepresentation to third parties as a partnership (including the filing of partnership returns, the existence of a partnership agreement).

It does not require personal income and if you have a LLC, it can be in your LLC and best part is that it doesn't show up on your credit report.   

A wholesaler contracts a home with a seller, then finds an interested party to buy it.

To say you want to buy an HOA is like saying you want to buy a wedding ceremony, or to buy someone's birthday party, an HOA is not a possession.