This offers the same protections of an LLC, but you can separate each asset into its own “child/member” LLC housed under the “parent” Series LLC filing.

Ultimately, if you are looking at purchasing more properties I would recommend looking into the Series LLC, as you only have to publicly file the "parent" Series LLC and then you can create an unlimited number of "child" series under it - each offering the liability separation of individual LLCs when operated correctly. 

We are currently still living in and working on the house. and were blessed with our first child last Christmas which slowed down remodeling a bit but has also opened our eyes even more to this amazing opportunity.

One child has not need in contact since they were 2 years old and not sure where they are located.

There may be further benefit, depending on your situation, for that U.S.A. corporation be a 100% child entity of a Canadian corporation: permitting favourable tax treatment of retained earnings paid from child to parent.As already stipulated, this is not an DIY area of real estate, seek out the guidance of an experienced professional.

I did this three years ago, but I only had one child (2 at the time).

@Debb Childs, congrats on your first forum post, I see that you have been a member for over two years, what took you so long to finally participate in this awesome resource??

@Caleb Heimsoth Another reason why it's hard for us to settle in millington is because we have a school age child and I haven't found a good elementary school in millington but found a few in Cordova and alot in Bartlett.

In my experience they just want to see that it's not easy to access - especially for a child.

While we fell in love with this child from the beginning, it quickly became apparent that he had severe emotional, developmental and behavioral problems,  He was the kind of kid who got expelled from kindergarten.