double check income source.

My business is solely focused on helping people AND making money, and if I can't honestly say I'm doing both on a specific deal, then I don't do the deal.Lease Options should not be set up to reward one side.

But if you are looking to build wealth through a rental portfolio, you'll get better results in markets outside CA.I work mostly with foreign investors who want to invest in the DFW market, sourcing off-market properties, rehabbing them and then property managing them.

That prevents piercing the veil.If you are the sole owner of both LLCs there are no tax implications as the IRS will disregard the entities for taxation anyhow.

Buying raw lists out of any source, listsource.com, lacks the key; motivation.Investors can get at raw land via delinquent real estate tax lists some times available from the county tax commissioners office.  

In order to drill down a little further and find out if they are the best potential people to source and manage property for you, I would ask the following questions:How long have you been a property manager?

2- are there other sources that are more reliable?

In general, though I would verify with a professional, with an llc or sole prop. the income will flow through to the owners as earned income. 

I see money management at the foundation of many problems with rent but I would suggest that even when funds are tight if there is an income source someone is getting paid.  

Also, there are more experienced financiers on BP than I am (for example, @Jerry Padilla), but I know you can get 10 conventional mortgages in your name and your husband can have 10 in his name (so you've got a long way to go before you have to find alternative lending sources).