A lot of great information on this site to get you started.

This site is a gold mine of knowledge, some of the experts that chime in regularly have many decades of Real Estate Investment experience and happily help new people. 

Example:Lending to owner occupied homeowners is very complicated and risky with state and federal regulations.

Its my first time using bigger pockets so still not sure how to use the site.

But here’s where it gets complicated...

Here is a site Ive started using recently.

I'm not an attorney but my understanding is yes, you can definitely do that, and I believe things like that happen every day.While I can see some possibilities for why someone would want to set things up that way, I do have the instinctual thought that it might be over complicating things.Technically the second LLC is another layer of asset protection, and maybe you have a very specific entity structure setup for taxes which would make it beneficial to do it that way (an LLC inside an LLC), but it's worth asking the question of whether these is much difference, or much more protection, than just having you (presumably a Mass. resident) be the member of the RI partnership LLC straight-out rather than having your MA LLC be the member.Also, depending on what else you have going on in your MA LLC it may be a disadvantage to have it be a member of the RI LLC from an asset protection perspective - if someone were to be able to pierce the veil of the RI LLC then everything in your MA LLC would be at risk.If you do go with the MA LLC as a member of the RI LLC, when you go to sell the property you'll have non-resident withholding - but you'd have that if you personally were the member of the RI LLC as well.You'll also need to be careful how you sign anything relating to the RI LLC - you'd have to be careful not to sign as member of the RI LLC but as member of your MA LLC, member of the RI LLC.

@Susan Chan Most of the turnaround projects I've heard about involve one of the partners overseeing the management at the site.

It can actually get complicated.

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