The administrative headache of having to keep extra bank accounts and tax returns isn't worth the extra headache, especially given there isn't any case law to actually uphold the validity of what the Series LLC is trying to accomplish. 

I have a property that's a Foreclosure and the bank is wanting $60k for it.

Is it a problem to get the rent in my name and use Zelle and then use online banking to move the money into that account?  

I said this, because I think I read in some place that when you are new or is your first property it is very hard to get a mortgage on an LLC, so it is easier to buy the property under my name, and after that make the transfer to an LLC. 

@Alyse Oz I don’t have much experience with forming LLCs for rental properties but for use in a startup or business most incorporate in Delaware because they have a separate court for business entities and they allow for easy transfer of venture ownership to allow startups receive funding from VCs.

Usually you need to put 25% down for a commercial loan, which is $375k, and then most lenders are going to require you have more cash remaining in the bank for reserves.

If you had 200k in cash in the bank account.

I'm going to say some things that might tick off any appraisers here -- when a bank orders an appraisal, the job nowadays is pretty much lowballing the properties as much as they can get away with.

We had to move from Illlinois to Florida because my husband had a job transfer.

I got duped into sending $10K in the form of a wire transfer to a person who was acting like an individual from the title company.