I would feel a tug in that direction if I were in the situation you describe.

View report*This link comes directly from our calculators, based on information input by the member who posted.HARTFORD, CT490K LISTING PRICE150K - 25% DOWN PAYMENT PLUS EXTRA (JUST IN CASE) VIA HELOCCOVENTIONAL LOAN 30-YEAR AT 3.99% INTEREST RENT - $900 PER UNIT, COULD GO UP TO $1000 PER UNIT (AS PER RENTOMETER, ZILLOW, AND BIGGER POCKETS)UTILITIES - "GUESS-TIMATED" $500-$1000 (WATER AND COMMON AREAS-LIGHT)2 BED ROOM, 1 BATHINCLUSION OF PROPERTY MANAGEMENT

It is my understanding that since the funds originated from LLC1, even despite passing through Mgt LLC and over to LLC2, it would be viewed legally as co-mingling proceeds from one LLC into another, thus one entity. 

View report*This link comes directly from our calculators, based on information input by the member who posted.Hi, I am looking at finding the best location in LA to buy a fixer upper to hold as rental for students by a cal state or LACCD college like LAVC in the Valley area, to then refinance and repeat. 

View report*This link comes directly from our calculators, based on information input by the member who posted.

@Derick Davis generally, outside of seller financing, the sources that would be worth pursuing for a park like you described above would be local and regional banks. 

My view is that if you forego the tub you eliminate most families with young children. 

@Matt ParkerWhat you are describing is a wraparound mortgage or a "wrap".

I have not heard of the Catapult Strategy, can you describe the strategy or point us to resources that discuss it?

View some properties, walk around neighborhoods, pick a different area to explore each time you head out, spend some time in the area, you really learn a lot that way.