My main worry with Series LLCs is that there are many unresolved questions from both liability and tax perspectives.

That said, does this mean I am off the hook for any capital gains triggered from the sale of the lower unit from your perspective?

When negotiating potential deals with sellers, what are the general questions to ask from a wholesaling perspective?

If I were you I would call the competing apartment complexes in the area and ask what their specials currently are as a "perspective renter" and then try to beat those deals.

@Nghi Le I'm not going to comment on whether she can "go ahead and make the purchase," but from a gift tax perspective, unless her parents have already gifted their annual exclusion, gift tax will be a non-issue.The difference between non-family purchases is that they are done at "arms length" meaning that the purchaser and seller do not share an interest of any kind.

From an economic perspective (ie EBITDA, margins, etc), is it still pretty terrible business?  

They can mail it, pay online, direct deposit...Just curious to hear some of the reasoning and see it from a different perspective.

@Robert Curls @Jim Piper Thanks to all of you for your advice and perspective. 

I was just speaking from your average renters perspective.

I was fresh out of the Marine Corps.I didn't have a lot of job history, but I did work for a real estate investment company, and my job was to be the acquisitions manager, talking with home sellers about selling their homes.I paid cash for everything.