In the scenario you're describing, the bank is looking at you alone and your ability to make the payments which is why they want to avoid the risk of you assuming property management duties without a proven track record as a property manager. 

Proven Model According to the summary, ten units have already been updated and are achieving rent premiums of $150.

And then you have a TVM problem as though payments occur over future months (for him, though he may not recognize it) and a higher than 15% incremental tax rate problem (he will probably recognize this one).  

When you've proven you have some talent and an interest for the game, then you can buy $500 sneakers and act like a baller.Long story short: build a business, then focus on setting up an LLC, business cards, websites, etc.

It's not recognized by any state or federal authority. 

These HML tend to be pretty reliable as well since in order for them to be the lender of choice for the wholesaling company they need to have proven their performance with a large volume of deals. 

This time spent provided for the ability to gauge and recognize good value at my price point.

The only questions I would ask: does she meet the income-to-rent ratio and has she proven stability?

That's what I do.Since you are a resident of CA, you will have the downside of having to pay CA $800 per year for each LLC you manage from CA, whether or not it has an investment in CA.As to a series LLC, these are not legally recognized in every state. 

I do recognize that.$9275 is the total tenant allocation fee in 3 months, based on the term they wanted: 50% of monthly rent and it applies to whenever we have a turnover in any rooms (student rental).