Most banks tell me i need to purchase the property under my name and not under a LLC was wondering if i opened a series LLC how can i incorporate it from liability protection and taxes?

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

But within that 5 year period if rates go up its not like your banker can call you in and say hey we need to raise that rate, your locked in for your term.So in summary, you are not putting yourself out there to end up with a 15% rate, there are many terms within the loan to protect you. 

Welcome to BP and to real estate investing.Real estate is an amazing machine for building wealth, and can be used for protecting wealth, insulating from risk and gaining tax benefits, throughout the years.

@Victor ChanSell if:You don't want to be a bay area landlordFinishes are new and the house does not have hardened features appropriate for rentingHold if:You want to be a bay area landlordHouse has older finishes and value wouldn't suffer from additional wear and tear.The amount of risk you take on by renting would be significant and under no circumstances should you hold long enough to lose your step up in basis.

Or is it an attempt to protect IRA owners from themselves by preventing them from taking larger "risks" on private equity?

Most of them are written on a “personal” policy to where it’s in your name and then we name the LLC as an additional named insured in the policy to protect the LLC for liability as well as the property.

We do that as a "Utility Offset" in order to protect our owners from extremely high utility bills when there are more than the normal guest count.Hot tubs can be incredibly valuable!

In lieu of huge down payments that only protect one side I would suggest buying a US Treasury.

The specific niche that we cater to are adult males, 40-65 yrs old, that suffer from varying degrees of cognitive impairment.